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UnknownUnicorn2421992

EM LAGGING S&P

S&P 500 Index (SP:SPX)  
UnknownUnicorn2421992 Updated   
SP:SPX   S&P 500 Index
Beyond Technical Analysis Trend Analysis Technical Indicators EEM SPDR S&P 500 ETF (SPY) spdr SPX (S&P 500 Index) DJI djia S&P 500 (SPX500) BTC
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beyondta trendanalysis indicator eem spy spdr spx dji djia spx500 btc
The MSCI EM index and many other EM funds are lagging the S&P. Although the 33% weighting of the EEM Index is high, funds with smaller weightings are also significantly showing weakness against the S&P.


I know a lot of focus is being put into EM right now.


Here's the trade. S&P divided by EM (EEM)

snapshot

SPY puts, Long EM.

Comment:
snapshot

As expected the SPX/EEM spread is falling due to the weakness of the S&P and rally in EEM over the last week.
Comment:
EM woes Argentine credit and Turkey.

Argentina CDs at 612 bips and looking for 50b IMF credit line.
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