Russ explains why the suddenly easier central bank policies could be key for emerging markets.
During the week of June 17th, almost every asset class, from emerging market debt to bitcoin, surged. The catalyst? The same one responsible for the 10-year old bull market: easier monetary policy. This suggests that while uncharacteristically stingy central banks may have harmed risky assets last year, 2019 is shaping up to be yet another year of liquidity-driven gains.
Under this scenario, assets levered to financial conditions are likely to be some of the best performers. Included among them: emerging