CCI & DXY

CCI & DXY

Fred Bergsten is an economist and senior fellow at the Peterson Institute for International Economics, a Washington,DC think-tank. He’s a huge proponent, and has been for some time, of the US announcing a policy of countervailing currency intervention (CCI).  He…...

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EM/SPX Approaching 50-Yr Support

EM/SPX Approaching 50-Yr Support

I plot the ratio of GFD’s EM Index vs. the SPX across history below. The ratio, including this week’s to-date ~290 bps decline, has us but a few %-points away from reaching 50-yr support This is a noteworthy development. The…...

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