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Business cycle points to weakness in EM equities
Slowing business cycle also points to further weakness in EM equities until end of 2019 or steel prices turn higher.
SPX may be more resilient but upside should be limited.
IF EM equities will be under pressure, it is likely that DXY will be strong in the coming months.
SHORT EEM bounces. Be cautious on SPX
SPX may be more resilient but upside should be limited.
IF EM equities will be under pressure, it is likely that DXY will be strong in the coming months.
SHORT EEM bounces. Be cautious on SPX
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