The MSCI Emerging Markets index relative chart (vs. the US) looks very different if you take out TSMC, Samsung and SK Hynix.
Source: Oxford Economics
“Brazil: the new gold”
Source: BofA
Emerging Markets Ex-China is up 50% in the past year and over 13% so far in 2026. New all-time highs again today.
Source: J.C. Parets @JC_ParetsX
Emerging Market Stocks now outperforming U.S. Equities by the largest margin since 2023
Source: Barchart @Barchart
Emerging Market stocks now outperforming U.S. equities by the largest margin since 2023
Source: Barchart
Long EM. Short US large caps.
Is the Dalio playbook about to break out? Source: Trend Spider
US Treasury secretary Scott Bessent said that Washington was in talks to provide a $20bn swap line to Argentina
Source: FT
Saudi Arabia’s stocks soar after reports that foreign ownership limits will be axed ‼️
The Capital Market Authority (CMA) is moving toward allowing foreigners to own majority stakes in local companies, Bloomberg reported. The Authority is close to approving a major amendment to raise the cap on foreign ownership in listed companies, which currently stands at 49%, the agency quoted CMA board member Abdulaziz Abdulmohsen bin Hassan as saying. He highlighted that the regulator is almost ready for this step and is awaiting approval from the relevant government entities. “It is prepared to move forward,” said the official, without specifying the final ownership cap that will be permitted for foreigners, expecting the decision to come into effect before the end of this year. Allowing foreign ownership to exceed 50% of capital in listed companies will increase the relative weights of Saudi stocks in MSCI indices, which could attract significant capital inflows, as these indices reduce the weight of companies that impose foreign ownership restrictions. Source: Argaam, Reuters
