Chart of The Day: Submerging Markets $EMLC
Where Macro Meet Markets
Emerging markets are submerging as the dollar rises, and The Macro Strategist predicted:
Except is from The Macro Brief on July 14th:
“With the TWDI-Emerging markets rising, and the PBOC in a rock and a yuan-place, there are rising risks of another EM funding mess. With COT data still suggesting market participants still being massively net-short, it’s go…