In this video, I take you through the outlook for emerging market equities, focusing on the macro drivers, sentiment setup, and valuations picture. The charts come from a recent edition of the Weekly Macro Themes report, which dealt directly with these issues as well as a couple of key supporting topics (i.e. EMFX, the USDCNY, and the broader global macro pulse).
The main takeaways from the presentation are:
-EM equity breadth has sharply broken down, and the shorter term indicators look oversold.
-EM equity sentiment has fallen after previously reverting to neutral; providing a