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Marko Kolanovic Flags An ‘Unprecedented Divergence’, Says ‘Something Has To Give’
On July 30, JPMorgan's Marko Kolanovic called for a rally in emerging market and value stocks contingent on certain conditions, one of which was the Fed taking a pause on rate hikes.
Since that note was published, EM has of course come under more pressure amid the collapse of the Turkish lira and the prospect that ongoing strength in the U.S. economy coupled with nascent signs of domestic inflation pressures will force the Fed to stick to the course, pushing the dollar higher and leading to a f
Or… the pop in EM causes all the EM shorts to sell their US winners to cover which causes a flood of margin calls in the US due to record margin buying. Is the cumulative buyback enough to keep US equities moving up?
Hey Heisenberg
Longtime reader/fan first-time subscriber. Subscribed after running into the paywall too many times especially after your Turkey/Lira call — that was the greatest type of accurate call, because everyone who followed you knew not only that it was going to happen, but why.
I’m a quintessential “retail” investor and deeply appreciate you giving me a look into a world of knowledge that I obviously don’t have access to.
Thanks
Jed
Heisenberg, I am trying out a free subscription. I appreciate you articles and wisdoom (intended). One question and one problem.
Q. Free subscription allows access to 10 unique articles, any articles, right ?
P. I have been re HTTP-GET ‘ing this article because after Subscribing I am still not allowed to read the article after the first paragraph ? What gives ?? HELP….