Jun 9, 2017

Missing out on the Emerging Market Rally? Think Twice before jumping on


China is Recovering! Emerging Market Equities Soars!

You may have read similar headlines in the past few weeks and may be tempted to jump onto the Emerging Market bandwagon to reap the returns. Afterall, Emerging Market equities have soared 18% this year and the trend seems to be unstoppable. Popular news channel are optimistic about the China reforms and Asia is where all the growth is after all. 

For those market watcher, you will get a feeling of deja vu.

The reason behind, this trend of Emerging Market out-performance seems to be the recurring pattern for the past few years in what is a possibly region rotation by global money managers.

What is a Region Rotation?
It is the rebalancing of global equities which spans across US, Europe and Emerging Markets whereby money managers sell off the regions that have done well and is rich in valuation and buy into regions which have unperformed within a global portfolio of stocks. The trend in the past few years have been present and we can observe from the relative performance of US equities as compared to the Emerging Markets equities.

What usually happens is that Emerging Markets tend to perform well in the 1st half of the year, only to see its performance disappoint in the later half of the year. Here is an interesting comparison of the half-yearly performance since 2010.


What is even more interesting to note is that the trend is broken during 2013 when the Emerging Market suffers from "Taper Tantrum" when the US Central bank started to roll back on their Quantitative Program. During 2011, 2012 when the EU Debt Crisis is at its peak, investors also actively avoided Emerging Market even though the source of the crisis come from Europe. It seems like whenever there is a crisis, investors pull money out from Emerging Market first, not caring if the crisis does not originate from Emerging Markets nor the high growth prospect of Emerging Market.  

Investors who are observing this trend can come to 2 conclusion:
- Emerging Market tend to underperform after a period of outperformance.
- When there is a high level of global risk. Investors sell Emerging Market and scramble into "safer" US Equities.
- Under these two assumption, investing in US equities seems to have a better long term risk/return ratio for this economic cycle.


So will US Equities out perform Emerging Market as we move into the later half of the year for 2017?

There is no crystal ball we can use, but it seems like the Big Boys are itching to take their bets off the table with such a fat profit sitting in the middle of the table and move back into the US Stock Market. Than again, the US stock market valuation is considered expensive right now and the possibility of a correction is getting higher on a daily basis and when things start to get ugly in US, investors will probably sell off Emerging Market first with no questions asked.

It seems to me that the conventional wisdom of Emerging Market being high risk/ high returns is breaking down in this market cycle. Emerging market seems to have taken on the characteristic of "high risk/low returns" when compared to the US Stock Market in the last 7 years. 

Similar Trends in USD
Similar to the trend we see in the Emerging Market vs US Equities, we can see similar trends in the USD. Typically, USD will weaken against Emerging Market currencies from the start of the year and will strengthen into the end of the year and will probably end at a higher level as compare to 2016 thanks to the relatively faster monetary tightening by the US central bank as compared to the rest of the world. As currency flow is a good indication of global money flow, we can see the pattern of the fund rotation occurring again base on the currency market whereby US equities tend to perform better at the later part of the year, similar to the strength of the USD. 

So if you are considering jumping into the soaring Emerging Market Equities at this moment of time, maybe it will be good to think twice. Perhaps it is a good time to look west, whereby there is both potential capital gains in currency and equities return. 

31 comments:

  1. I Basically think we all don't have to face all these deceit and lies from our spouse...in a case of mine wen i got sick and tired of all the lies and deceit i had to contact a friend of mine to get me the contact of one of the best hackers in the states ..then i met cyberhackpros@gmail.com..He saved me from the lies of my cheating husband by hacking his phone..Incase you need help with hacking any phone or account or other jobs contact him via email/phone CYBERHACKPROS@GMAIL.COM or +1 916 378 4978 Tell him i reffered you.He will help you

    ReplyDelete
    Replies
    1. ray marcumAugust 14, 2017

      A professional hacker just provided me full access to my children's phone calls(provided i use a earpiece due to wave transmission), text messages and their social media accounts which means i can now keep tabs on their daily activities and also be able to know when they are being influenced into doing bad things by anyone they associate themselves with so they can be corrected immediately. I am happy about this because my kids mean the world to me and ever since the death of their mother, i promised to always be there for them not only as a father but also as a mother so as to secure a bright future for them...You can contact the brain behind the hack at spystealth.org@gmail.com for any problems you have that relates to hacking.

      Delete

  2. If you need to hire a real hacker to help spy on your partner's cell phone remotely, change your grades or boost your credit score. Contact this helpline 347.857.7580 or the email address expressfoundations@gmail.com

    ReplyDelete
  3. Confront your cheating spouse with evidence, i was able to spy on my cheating ex phone without finding out.....it really helped me during my divorce ...you can contact (HACKINTECHNOLOGY@GMAIL.COM) call and text (305) 771-2040 for spying and hacking social networks, school servers, icloud and much more, viber chats hack, Facebook messages and yahoo messenger, calls log and spy call recording, monitoring SMS text messages remotely, cell phone GPS location tracking, spy on Whats app Messages, his services are AFFORDABLE .................................... ONLY GOD CAN THANK HIM FOR HIM

    ReplyDelete
  4. i met a guy called Sam ,he helped me hack into my spouse INSTAGRAM,PAYPAL,KIK,FACEBOOK AND GMAIL. Now i can monitor my spouse day to day messages and activities with out him knowing .he is very kind and his services are not expensive. and i compensated him after his services. contact him at : cyberphoneways@gmail.com.
    Number:+16066579237.
    INSTAGRAM: Samhoffman3..
    ...you can try him out

    ReplyDelete
  5. Hello, are you in need of hacking services? Then contact anthonydavies340@gmail.com He is a certified hacker which will always give full proofs. If you need to
    *hack into email accounts,
    *all social media accounts,
    *school database to clear or change grades,
    *bank accounts,
    *company records and systems,
    *DUIs
    He is really the best. His services are affordable. Don't waste your time with fake hackers
    + Credit cards hacker
    + We can drop money into bank accounts.
    + credit score hack
    + blank credit card sale
    + Hack and use Credit Card to shop online
    + Monitor any phone and email address
    + Tap into anybody's call and monitor their
    conversation

    ReplyDelete
  6. i wish my partner was worth fighting for but she cheated on me,i didn't realize until i came in contact with cyberspylove ,he really helped me......if you need an ethical hacker contact cyberspylove@gmail.com

    ReplyDelete
  7. Confront your cheating spouse with evidence, i was able to spy on my cheating ex phone without finding out.....it really helped me during my divorce ...you can contact (HACKINTECHNOLOGY@GMAIL.COM) call and text (305) 771-2040 for spying and hacking social networks, school servers, icloud and much more, viber chats hack, Facebook messages and yahoo messenger, calls log and spy call recording, monitoring SMS text messages remotely, cell phone GPS location tracking, spy on Whats app Messages, his services are AFFORDABLE .................................... ONLY GOD CAN THANK HIM FOR ME

    ReplyDelete
  8. If you know you not are ready for a relationship why get into one and still cheat and liar. I and my wife has been married for some years now,Lately she has been hiding her phone from me and keeping Late nights. I was curious about her cheating on me.I had no proof and no one to run to.I contacted a Private investigator who linked me up with Mr James(worldcyberhackers@gmail.com) via email. He understood me well and helped me spy on my cheating wife.He gave me the password to my wife's Gmail and Facebook account and linked all my spouse WhatsApp and phone conversation to me, to find out the truth. I just want to openly say thank you. Contact him today if you need help. Worldcyberhackers@gmail.com

    ReplyDelete
  9. Hello everyone, my name is Kate and I want to recommend a reliable hacker who helped hack my husband's cell phone remotely.

    Which gave me full access to all his texts and, and now he has nothing to hide from me. If you require his service, contact ghosthacker2351@gmail.com, tell him Kate referred you he'll help.

    ReplyDelete

  10. Hello everyone, i would have made the biggest mistake of my life marrying my former spouse but before the marriage
    after i saw his link from someones else testimonial. He is a professional that specializes in exposing cheating spouse
    and every other hacking and tracking related issues.He is truly a cyber genius , he helps catching cheating spouse by
    hacking and tracking their communications like call, whatsapp, Facebook, text, emails, Skype and many more.
    if you are having doubts in your affairs and relationship please i will advise you to contact him and know if
    He or she is true to you.
    contact: CYBERPROFESSIONALHACKER@GMAIL.COM

    ReplyDelete
  11. Stop being scammed by fake hackers. Hire a Ethical Hacking group who are professional and real. You might be curious that what hacking group services can provide? .. If you hire a hacker, you always have worried of losing your money. We won't keep a cent if can't do our job. 100% refund if job is not completed. Hacking Services that you will find here at: hackethics008@gmail.com are custom to fit your hacking needs... A professional and experienced hacker providing hacking services for a variety of client needs. Specialize in many different Hacking Services some of my most popular hacking services are, Hack INTO ANY BANK WEBSITE Hack into any COMPANY WEBSITE HACK INTO ANY GOVERNMENT AGENCY WEBSITE HACK INTO SECURITY AGENCY WEBSITE AND ERASE CRIMINAL RECORDS Hack into CRAIGSLIST AND REMOVE FLAGGING HACK INTO ANY DATABASE SYSTEM HACK PAYPAL ACCOUNT HACK WORD-PRESS Blogs SERVER CRASHED hack HACK INTO ANY SCHOOL DATABASE AND CHANGE UNIVERSITY GRADES, no matter how secured HACK INTO CREDIT BUREAU DATABASE AND INCREASE YOUR CREDIT SCORE HACK ANY EMAIL OR SOCIAL NETWORK AND KNOW IF YOUR PARTNER IS CHEATING ON YOU HACK INTO YOUR PARTNER'S PHONE PICS, TEXT MESSAGE AND LISTEN TO CALLS TO KNOW IF HE IS CHEATING UNTRACEABLE INTERNET PROTOCOL HAVE YOU OR YOUR CHILD BEEN BULLIED ONLINE BEFORE AND WANT TO GET BACK AT THE PERSON, WE CAN HELP YOU TRACE THE ACTUAL LOCATION OF THE PERSON AND DO WHATEVER YOU REQUEST TO THE PERSONS COMPUTER IS ANYONE BLACKMAILING YOU ONLINE AND YOU WANT US TO GET INTO THEIR COMPUTER AND DESTROY DATA AND EVIDENCES AGAINST YOU? If you need a hacking service that is not listed, feel free to contact me at: hackethics008@gmail.com or text only - +1(630) 755-8868. Contact me today about any of my hacking services

    ReplyDelete
  12. if you need a hacker to hack into
    1-DATABASE HACK
    2-WHATSAPP HACK
    3-WEBSITE HACK
    4-TRACKING CALLS
    5-PHONE CLONE
    6-FACEBOOK HACK
    7-CHANGE SCHOOL GRADE
    8-ONLINE RECORDS CHANGES
    9-BANK ACCOUNT HACK
    10-ERASE CRIMINAL RECORDS
    contact jeajamhacker@gmail.com he is good at hacking and his services are cheap and affordable he has worked for me and he has never disappointed me for once tell him i referred you to him am very sure he will help you.

    ReplyDelete
  13. If you need the help of a hacker to hack into any form of problems like DATABASE HACK,WHATSAPP HACK,WEBSITE HACK,TRACKING CALLS,PHONE CLONE,FACEBOOK HACK,CHANGE SCHOOL GRADE,ONLINE RECORDS CHANGES,BANK ACCOUNT HACK,ERASE CRIMINAL RECORDS and many more contact jeajamhacker@gmail.com he has worked for me and i got result under 24 hours he is cheap and affordable tell him i referred you to him thank you

    ReplyDelete
  14. I have been suspecting my husband moves since we got married he always hide his phone and has a pass-code on it so that i cant have access to his phone so i was refereed to this wonderful hacker named Jeajamhacker@gmail.com who helped me break into his phone without having physical access to his phone believe me this hacker is a professional he hacked into my husband sms messages,call logs,Facebook messages,whats-app messages,viber messages,kik,emails and i was also surprised when this hacker brought me my husband deleted text messages and information's am so happy to find out the truth about my spouse thanks to Jeajamhacker@gmail.com he is cheap and affordable in case you want to know who your spouse really is you can contact him.

    ReplyDelete
  15. Confront your cheating spouse with evidence, i was able to spy on my cheating ex phone without finding out.....it really helped me during my divorce ...you can contact (HACKINTECHNOLOGY@GMAIL.COM) call and text (305) 771-2040 for spying and hacking social networks, school servers, icloud and much more, viber chats hack, Facebook messages and yahoo messenger, calls log and spy call recording, monitoring SMS text messages remotely, cell phone GPS location tracking, spy on Whats app Messages, SECURITY CAMERA his services are AFFORDABLE .................................... ONLY GOD CAN THANK HIM FOR ME

    ReplyDelete
  16. I was badly in need of a hacker so i was referred to contact jeajamhacker@gmail.com who helped me hack into my spouse phone under 48 hours i got result this hacker hacked into my spouse whats-app messages,call logs,viber,Facebook,text messages,deleted text messages and many more this hacker is cheap and affordable contact him if you need help.

    ReplyDelete
  17. If you are in need of a hacker to catch your cheating spouse or increase data base or school grade and many more contact jeajamhacker@gmail.com he is in the right position to help you in any way you need him he has worked for me and believe me he has never disappointed me he is cheap and affordable tell him i referred you to him am sure he will help you.

    ReplyDelete

  18. This is a great news that i must share with you all i have been looking for a way to break into my wife phone because she has a pass-code on her phone and always receiving late night calls and text messages i have been suspecting her for past 1 year then i contacted this hacker named(jeajamhacker@gmail.com)who helped me hack into her phone and got me results under 24 hours this hacker got me results of her call logs,text messages and even deleted text messages i was so happy to find out the truth about my wife i never knew she was a big time cheat until this great hacker helped me he is cheap and his prices are affordable contact him if you want to know more about your spouse or increase in school grades and many more.

    ReplyDelete
  19. This is a great news that i must share with you all i have been looking for a way to break into my wife phone because she has a pass-code on her phone and always receiving late night calls and text messages i have been suspecting her for past 1 year then i contacted this hacker named(jeajamhacker@gmail.com)who helped me hack into her phone and got me results under 24 hours this hacker got me results of her call logs,text messages and even deleted text messages i was so happy to find out the truth about my wife i never knew she was a big time cheat until this great hacker helped me he is cheap and his prices are affordable contact him if you want to know more about your spouse or increase in school grades and many more.

    ReplyDelete
  20. Stop being scammed by fake hackers. Hire a Ethical Hacking group who are professional and real. You might be curious that what hacking group services can provide? .. If you hire a hacker, you always have worried of losing your money. We won't keep a cent if can't do our job. 100% refund if job is not completed. Hacking Services that you will find here at:
    hackethics008@gmail.com are custom to fit your hacking needs... A professional and experienced hacker providing hacking services for a variety of client needs. Specialize in many different Hacking Services some of my most popular hacking services are, Hack INTO ANY BANK WEBSITE Hack into any COMPANY WEBSITE HACK INTO ANY GOVERNMENT AGENCY WEBSITE HACK INTO SECURITY AGENCY WEBSITE AND ERASE CRIMINAL RECORDS Hack into CRAIGSLIST AND REMOVE FLAGGING HACK INTO ANY DATABASE SYSTEM HACK PAYPAL ACCOUNT HACK WORD-PRESS Blogs SERVER CRASHED hack HACK INTO ANY SCHOOL DATABASE AND CHANGE UNIVERSITY GRADES, no matter how secured HACK INTO CREDIT BUREAU DATABASE AND INCREASE YOUR CREDIT SCORE HACK ANY EMAIL OR SOCIAL NETWORK AND KNOW IF YOUR PARTNER IS CHEATING ON YOU HACK INTO YOUR PARTNER'S PHONE PICS, TEXT MESSAGE AND LISTEN TO CALLS TO KNOW IF HE IS CHEATING UNTRACEABLE INTERNET PROTOCOL HAVE YOU OR YOUR CHILD BEEN BULLIED ONLINE BEFORE AND WANT TO GET BACK AT THE PERSON, WE CAN HELP YOU TRACE THE ACTUAL LOCATION OF THE PERSON AND DO WHATEVER YOU REQUEST TO THE PERSONS COMPUTER IS ANYONE BLACKMAILING YOU ONLINE AND YOU WANT US TO GET INTO THEIR COMPUTER AND DESTROY DATA AND EVIDENCES AGAINST YOU? If you need a hacking service that is not listed, feel free to contact me at: hackethics008@gmail.com
    or text only - +1(630) 755-8868. Contact me today about any of my hacking services

    ReplyDelete
  21. My wife comes home late and on her phone has a pass-code that i cant get access to her phone i noticed she always text some one at night i was suspecting her cause she hide her phone away from me then i went online and met this hacker named jamesscotthacker@gmail.com who helped me break into her phone without having physical access to my wife phone and i got results under 48 hours then i saw she has been texting her boss in her office where she works i was so disappointed on her but thanks to jamesscotthacker@gmail.com who made it possible he is cheap and affordable if you are suspecting your spouse contact him for quick solutions thank you

    ReplyDelete
  22. If you need to hack into any whatsapp, database, delete record, improve credit score, spy on whatsapp, text, phone, emails, as long as it's hack contact (JAMESSCOTTHACKER@GMAIL.COM) he is great, you won't be disappointed,He is cheap and fast, he saved my relationship.

    ReplyDelete
  23. REQUIRE SERVICES OF A PROFESSIONAL HACKER;
    hackerscommander is the lead way to various hacking exploration and I am the master in charge and with me everything is possible, my job is with 100% guarantee and the security of my client is my upmost priority.
    contact me for the following Services:
    University grades changing / Admin(staff) account hack

    -professional hacking into institutional servers
    -keylogging
    -University grades changing / Admin(staff) account hack
    -Access/Password (facebook, instagram, bbm,Skype, snapchat, twitter, badoo, Word Press,zoosk, various blogs, icloud, apple accounts etc.)
    -clearing of criminal records
    -email accounts hack ( gmail,yahoomail,hotmail )
    -breach of web host servers
    -Databases hack
    -Individual computers hack
    -application cracks
    -Burner Numbers hack
    -Tracking of Scammer Accounts
    -Password retrieval to any portal site (Username and password)
    You can reach us anytime via our
    Contact mail:hackerscommander@gmail.com?

    ReplyDelete
  24. Stop being scammed by fake hackers. Hire a Ethical Hacking group who are professional and real. You might be curious that what hacking group services can provide? .. If you hire a hacker, you always have worried of losing your money. We won't keep a cent if can't do our job. 100% refund if job is not completed. Hacking Services that you will find here at: hackethics008@gmail.com are custom to fit your hacking needs... A professional and experienced hacker providing hacking services for a variety of client needs. Specialize in many different Hacking Services some of my most popular hacking services are, Hack INTO ANY BANK WEBSITE Hack into any COMPANY WEBSITE HACK INTO ANY GOVERNMENT AGENCY WEBSITE HACK INTO SECURITY AGENCY WEBSITE AND ERASE CRIMINAL RECORDS Hack into CRAIGSLIST AND REMOVE FLAGGING HACK INTO ANY DATABASE SYSTEM HACK PAYPAL ACCOUNT HACK WORD-PRESS Blogs SERVER CRASHED hack HACK INTO ANY SCHOOL DATABASE AND CHANGE UNIVERSITY GRADES, no matter how secured HACK INTO CREDIT BUREAU DATABASE AND INCREASE YOUR CREDIT SCORE HACK ANY EMAIL OR SOCIAL NETWORK AND KNOW IF YOUR PARTNER IS CHEATING ON YOU HACK INTO YOUR PARTNER'S PHONE PICS, TEXT MESSAGE AND LISTEN TO CALLS TO KNOW IF HE IS CHEATING UNTRACEABLE INTERNET PROTOCOL HAVE YOU OR YOUR CHILD BEEN BULLIED ONLINE BEFORE AND WANT TO GET BACK AT THE PERSON, WE CAN HELP YOU TRACE THE ACTUAL LOCATION OF THE PERSON AND DO WHATEVER YOU REQUEST TO THE PERSONS COMPUTER IS ANYONE BLACKMAILING YOU ONLINE AND YOU WANT US TO GET INTO THEIR COMPUTER AND DESTROY DATA AND EVIDENCES AGAINST YOU? If you need a hacking service that is not listed, feel free to contact me at: hackethics008@gmail.com or text only - +1 (630) 755-8868. Contact me today about any of my hacking services

    ReplyDelete
  25. I cannot over emphasize the professionalism of PRIVATEJOSH3@GMAIL.COM
    I have spent several hours monitoring my husband and his co-worker flirting literally and there has not been any technical malfunctions. I have been able to monitor all his communications with his girlfriend and I can see clearly that he has alot of them, he must be a devil, because I dont understand how he still comes home to tell me he loves me..
    I have never been this dissapointed and sad in my life before. I really want to thank my stars I took courage to contact him and for all his tender kindness towards assisting me and giving me exactly what I requested for in the hack. You can also take a bold step contact him and findout about your cheating spouse: PRIVATEJOSH3@GMAIL.COM

    ReplyDelete
  26. I lost my job few months back before i notice my wife started giving me attitudes, she changed passwords to every account that she has, plus put a pin lock on her phone, i have been searching for ways to retrieve her text messages without installing any software on her phone or having access to it, so far i am not having any luck. I was introduced to this wonderful hacker and he helped me hack and let me gain access to my wife's phone with just her phone number only. He help me hack into her phone and i get to know she's cheating and all. I was so sad and had to file for divorce, All thanks to this great hacker that helped me get my cheating wife. To all you cheating partners, The God's eye is here for you all, Get to him on his email or text him directly on his phone number. His services are nice and affordable. (Godeyeviewhacker@hotmail.com) or (443) 338-3730

    ReplyDelete
  27. Excellent Investigative Services. Should you ever require the services of a hacker, i implore you to try your very best to hire only professionals. SPYTECHENTERPRISE@GMAIL.COM will increase your chances of getting your job completed. i was able to hire the services of an elite, asides the fact that i was provided a permanent solution to the service he rendered me but he gave a very efficient customer experience. he carried me along with every process and didn't leave me in the dark.
    contact; SPYTECHENTERPRISE@GMAIL.COM

    ReplyDelete
  28. if you are feeling your partner might be cheating on you but there is no definite evidence. so you are face with two alternatives. I would like to share something. I saw an unfamiliar name in my wife's phone I thought that some people who cheat tend to save the number with different name. Download Guestspy is a distinctive mobile application made to assit you capturing all incriminating evidence and i then have a great hacker you can consult in his best way. quick and smart. He helped me get out of an everlasting confusion. i get to see that my wife to be was having some delicate plan to ruin me. i made a step ahead consulting spyglobalhacker.org@gmail.com, and yes i get to leave the darkness i was to a world of brightness. its better this way everyone, for this kindly be at right place

    ReplyDelete
  29. If you want an ethical hacker to work for you contact JAMESSCOTTHACKER@GMAIL.COM he is good at hacking JAMESSCOTTHACKER@GMAIL.COM hacks whats-app,Facebook,unlocking of phones,whats-app,call logs,emails,text messages,deleted text messages,viber,kik and any other hack if you are interested you can also contact JAMESSCOTTHACKER@GMAIL.COM his services are cheap and affordable tell him i referred you to him

    ReplyDelete
  30. If you need to hire a real hacker to help spy on your partner's cell phone remotely, change your grades or boost your credit score. Contact this helpline 347.857.7580 or the email address expressfoundations@gmail.com

    ReplyDelete

Related Posts Plugin for WordPress, Blogger...