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Is Anyone Worried About Emerging Market Stocks Sitting At 3-Year Highs?
Ok, so either one of two things:
traders tried and failed to find anything hawkish in Yellen's Jackson Hole comments
traders tried and succeeded to spin her comments as dovish in their minds
One of those two things has to be true, because the dollar is on the back foot:
Unsurprisingly, EM equities rose when Yellen's remarks hit and that provides the perfect opportunity to remind you that emerging market stocks are sitting at a 3-year high:
Have a look at what the lira did this morning
No, not nearly a FRACTION as concerned about ALL time highs for stocks in a nation that is neither economically viable nor financially solvent, namely the US. It’s krazy to NOT be invested in Asia as this Asian Century gathers pace!