UnknownUnicorn2421992

EM LAGGING S&P

SP:SPX   Indeks S&P500
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.

Komentar:

As expected the SPX/EEM spread is falling due to the weakness of the S&P and rally in EEM over the last week.
Komentar:
EM woes Argentine credit and Turkey.

Argentina CDs at 612 bips and looking for 50b IMF credit line.
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