Brazil gets the World Cup in 2014 and Rio gets the Olympics in 2016. In order to prepare for the showcases, Brazil’s president hopes to get approval for a near-$900 billion infrastructure spending package over 4 years. Believers in Brazil have been fortunate enough to cross paths with the long-standing iShares MSCI Brazil Fund (EWZ). It outperformed U.S. stock ETFs as [...] [...more]
In recent commentary, I suggested that the price movement of BRIC ETFs determine the price movement of developed market ETFs… not the other way around. Whereas the media have harped on Greece, I have steadfastly maintained that China’s rate hikes, reserve increases and lending restrictions were the true catalyst(s) for stock asset correction. That said, the last 5 days [...] [...more]
Who doesn’t appreciate the hard work and research that comes from the Bespoke Group? The data that Bespoke compiles always stimulates my brain cells… even when I disagree with the interpretation of the info presented. For instance, last month I called out Bespoke for a simplistic observation that China had gone from first place to last [...] [...more]
