Not many talk about it, yet, but the first and biggest driver of the risk off last year, was the EM FX space.
JPM EM FX index taking new recent lows. We have not closed this low in a very long time (the market ear). India Rupee always reacts Late
With commodities trading as they are, it is reflected in Australian Dollar
Maybe a spill over to China etc?
Watch the huge 0.7 level in the AUD carefully.
MSCI World ex Fang 6 goes nowhere. Question: Fangs 6 have increased almost 40% in value in the last 16 months, but who is on the loosing side of this coin.
The 30 year – 5 year Treasury yield has steepened by 0.4% in the past 7 months. Over the past 20 years, this happened: September 2000 August 2007 September 2015 Now (Tony Bombardia)
