A Rare and Compelling EM Equity Long Amid Widespread Global Asset Class Carnage

A Rare and Compelling EM Equity Long Amid Widespread Global Asset Class Carnage

In the first chart below I plot the ratio of the Bovespa Total Return Index (IBOV) vs. the SPX Total Return Index.  The ratio appears to be staging a clean, noteworthy break above falling resistance that’s been in place since…...

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