The MSCI EM index and many other EM funds are lagging the S&P. Although the 33% weighting of the EEM Index is high, funds with smaller weightings are also significantly showing weakness against the S&P.
I know a lot of focus is being put into EM right now.
Here's the trade. S&P divided by EM (EEM)
SPY puts, Long EM.
I know a lot of focus is being put into EM right now.
Here's the trade. S&P divided by EM (EEM)
SPY puts, Long EM.
Комментарий:
EM woes Argentine credit and Turkey.
Argentina CDs at 612 bips and looking for 50b IMF credit line.
Argentina CDs at 612 bips and looking for 50b IMF credit line.
As expected the SPX/EEM spread is falling due to the weakness of the S&P and rally in EEM over the last week.