My apologies on essentially neglecting my blog over the last week. While I made some tweets… or mainly re-tweets, I was very busy last week with work and didn’t have much time to make a post. I will try to be more resourceful with my time this week.
Last week it appears that Emerging Markets began to come back to life, and today that narrative appears to be confirmed according to price action in $EFA, $EWZ, $RSX, $INDA, and $GXC. Most of this reincarnation seems to be based on data hinting that worries about China may be overblown.
While September is generally a weak month for US markets, we could see a positive performance if global data continues to turn more positive. This is especially possible in my eyes when you consider August’s extreme weakness. Here are a few articles I enjoyed this morning and I hope you will enjoy them also:
- Doubtful Obama gets political support on Syria… although he doesn’t need it (Sober Look)
- August’s poor job numbers can apparently be blamed on porn (Dr. Ed’s Blog)
- As they say: “Bull markets climb a wall of worry” (Big Picture Blog)
Have a great afternoon!