Sometimes when you see an opportunity, it takes time for that opportunity to emerge-like the bearish stance I've had on emerging markets for several months now.
We just found out we're in record setting territory for Emerging Fund Withdrawals and my favorite, EDZ should be on the way toward it's target, which is near $70+ so there's still plenty of room left in this trade
Here's an article and here's a snippet from the article
"In the week to February 2nd, however, emerging-market equity funds shed $7 billion, or 1% of their total assets, as events boiled over in Cairo. According to EPFR, which tracks such flows, this was the third-largest withdrawal on record, and the first of any size since the crisis. "
Here's EDZ- a favorite leveraged ETF here at Wolf on Wall Street
and Here's the most recent analysis
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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