By all measures the US has been the strongest, the earliest and in a strong USD environment.
1 US
2 Germany
3 Japan
4 China
5 Russia
6 Brasil
This is just a picture as it is now.
The question is: will there be syncing at the top or decoupling and re balancing of exposures.
Very locally I think there is room for some breather (risky bet) but overall it seems that the global rally could last more.
Will Brasil/Russia follow the same course as China or they the clue something is wrong.
1 US
2 Germany
3 Japan
4 China
5 Russia
6 Brasil
This is just a picture as it is now.
The question is: will there be syncing at the top or decoupling and re balancing of exposures.
Very locally I think there is room for some breather (risky bet) but overall it seems that the global rally could last more.
Will Brasil/Russia follow the same course as China or they the clue something is wrong.