Emerging Markets are getting rocked following elections in Mexico where Claudia Shienbaum becomes Mexico's first female president - how progressive.
The iShares MSCI Mexico ETF (EWW) fell nearly 11%, yesterday. In India, Narendra Modi may need a coalition government in order to keep his job in the world's largest election. As a result, the NIFTY 50 closed 5.93%
Below, I'll update subscribers on what's going on with the dollar, bonds, oil and AUDJPY.
Previous notes to be discussed:
[5.5.24] - The Macro Brief: Oil Falls Below $80; Traders Dumbfounded - shorturl.at/GST68
[5.7.24] - The Macro Brief: An Equity Rally With Chinese Characteristics - shorturl.at/irCJR
[5.14.24] - The Macro Brief: Defensive Sectors Outperforming Cylcials Ahead of PPI/CPI - shorturl.at/aJMSY
[5.16.24] - The Market Brief: Equities Reach All-Time Highs, But Are There Cracks? - shorturl.at/dfGST
[5.23.24] - The Macro Brief: Dr. Cooper Will Call In Sick - shorturl.at/w0WtC
