Great Graphic: Bullish Emerging Market Equity Index
Scratch an investor, and you will find two models. One is a fair value model, perhaps based on free-cash-flow or earnings expectations, or breakup value. The other is based on liquidity. We suspect that the latter is overwhelming the former in the emerging market equity space. The ECB and BOJ are easing policy aggressively. The …
Great Graphic: Bullish Emerging Market Equity Index Read More »