Intriguing article by Standard and Poor’s: “Does Past Performance Matter?”
Spent the morning accompanying my son on the gorgeous campus of U.C. Boulder for freshman orientation. The contrast between his orientation and my own first days at Northeastern couldn’t be greater….all we ever got was our course schedule and a map along with the Dickensesque: “look to the left, look to the right to see who’ll be gone in 4 years”
Is now the time to refocus on Emerging Markets with the potential weakness in the US Dollar? The USD appears to be rolling over which bodes well for Emerging Markets who thrive on a weak dollar. They’ve been dormant for at least six months so we might see a move shortly. More on our holdings later……….
In addition to the dollar rolling over the ECRI leading weekly indicator has rolled over………and not just for a rub on the tummy. At its present value the ECRI has predicted 5 recessions and given two false alerts. Our favorite research outfits ISI and Ned Davis are calling for economic softness but not a double dip recession.