This Is ‘The Best Asset GMO Can Find’ By The Largest Margin They’ve ‘Ever Seen’

If you're bullish on emerging market stocks (or really, on emerging market anything) right now, well then you're a brave soul. EM equities and EM FX suffered through their worst quarter since 2015 in Q2 and you didn't have to look very far to find the problem(s). For one thing, a recalcitrant, unapologetic Fed continues to lean hawkish in an effort to guard against overheating in the U.S. economy, where Donald Trump is busy piling fiscal stimulus atop a late-stage expansion. Jerome Powell's haw