21/08/18

BofA's "Emerging Market Crisis" Indicator Was Just Triggered



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BofA's "Emerging Market Crisis" Indicator Was Just Triggered
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While the market is distracted by record stock highs, a week-long vacation in Turkey, and a mysterious pre-talks bid in the offshore yuan, the truth is that this crisis has been a long time in the making, and based on the Brazilian Real's collapsed above 4/USD, it has a long way to go.

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As a reminder, the first break in the "strong Emerging Market" narrative emerged in late April when as ....

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