Resumo do Relatório
EM rotation building: Eye on the World 10/03/21
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Dramatic tech recovery yesterday from NASDAQ correction as saw bond yield stabilization. Watch US stimulus passage and inflation report today. We are focused on a cyclicals-led sector barbell, with earnings surprise offsetting valuation pressures.
HOT TOPICS revisits EM overweight with crosscurrents of tech and USD headwinds vs stronger commodities, cheap valuations, and recovering earnings. We see a building rotation out of EM Asia and tech outperformers into EM ex-Asia cyclicals and DM proxies.
16-page daily includes: Market recap and What to watch; Hot Topic analysis; Country and Sector allocation eye; Key views; US and global performance, valuation, earnings, and macro forecasts; and report Library.
As many of you know we will unfortunately be closing Tower Hudson Research and today is the last ‘Eye on the World’. Thanks for your support.
