emerging markets

BofAML Has A New Carry Indicator – And It’s Approaching “Exuberant”

"The latest reading is at the 81st percentile, which has preceded a EM carry sell-off in the next four weeks 58% of the time over the 10 year backtested period."

"The latest reading is at the 81st percentile, which has preceded a EM carry sell-off in the next four weeks 58% of the time over the 10 year backtested period."
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3 comments on “BofAML Has A New Carry Indicator – And It’s Approaching “Exuberant”

  1. Anonymous

    “The latest reading is at the 81st percentile, which has preceded a EM carry sell-off in the next four weeks 58% of the time over the 10 year backtested period.”

    “However, we think such a correction will likely be bought again, and the EM bubble we called for in January is likely to continue to build in the months ahead.”

    Sounds like risk-on to me because, you know, “60% of the time, I’m right every time.”

  2. Anonymous

    Or if you prefer the original Anchorman quote, “60% of the time, it works every time.”

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