Global market jitters in recent weeks have forced my colleagues and I to put some of our key emerging market (EM) equity views under the microscope. One such market is India’s Sensex. Despite still holding a broadly sanguine outlook for the economy – endorsed by the strong Q3 2010 8.9% y-o-y GDP figure published on… [Read more]

Risk lovers may be starting to get cold feet if recent price action in Emerging Market (EM) equities and commodities is anything to go by. Indeed, I have started to see quite a few compelling short-term sell signals in global markets, and not just confined to the frontier plays, but the major EM risk bellwethers… [Read more]

‘What happened to the ‘sell in May’ brigade?’ is the question on Risk Watchdog’s lips today. They certainly haven’t shown up across the Emerging Markets (EM) equity spectrum, going by the massive gains enjoyed across the board of late. Take the BRICs, for example, where year-to-date performances have been nothing short of spectacular… Heading the… [Read more]

Looking at EM equities these days, one can easily overlook the woods for all the trees. Aside from short-term bounces here and there, the overall direction of stocks continues to point downwards. However, I have started to frequently come across comments such as ‘stocks are oversold’, and ‘valuations are highly attractive’. Well, that may be… [Read more]