Int'l Macro Vision: Sector Synopsis
MSCI Emerging Markets at 6+ Month ResistanceThe MSCI Emerging Markets index (local currency) and EEM-US (USD) are trading within 6+ month consolidations following uptrend violations in early-April. Resistance is at $45.50-$46.50 and support is at $39 on EEM-US. The near-term trend remains bullish, but both are approaching multi-month resistances, making this a logical spot for a pause or pullback -- be selective. A sustained breakout above $46.50 on EEM-US would be quite bullish, and would be our cue to get more aggressively long.
Below we highlight attractive and actionable themes within EM. On page 4 we include a table of all 80 stocks highlighted in this report.
EM Countries. There continues to be many countries that are bullish and/or worthy of overweights, including South Africa, Brazil, Hungary, Czech Republic, India, Poland, Greece, Chile, and Mexico (among others). Turning to China, the Hang Seng and Shanghai Composite have just now perfectly filled the gap from Ap
Vermilion Research delivers timely, actionable, and unique research inputs to professional investors. Our research strategists highlight securities which we believe are at major inflection points, based on our various proprietary technical indicators, and offer asymmetric risk/return profiles. We believe our research methodology, which is not limited by industry sector or market capitalization, enables us to deliver superior investment recommendations.
Our process begins by organizing all actively traded stocks into coherent sectors, then into logical industry groups. We then apply our proprietary relative strength tools to identify developing price trends. Once attractive trends are identified within a selected sectors or groups, we screen for individual stocks which we believe offer the best risk/reward profile. Vermilion offers U.S. and global equity market research products. Vermilion’s research team, which has received numerous awards and accolades, has a combined 70 year of experience in the analysis of investment securities.
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