The Daily Shot 9.28.16

By SoberLook


1. We begin with emerging markets where the declines in Argentina’s economic activity have accelerated. The timing of this turn of events is quite unfortunate because the new government has a limited “honeymoon” window to enact the necessary reforms.

On the other hand, Argentina’s trade balance seems to have stabilized – in part as a result of the peso weakness.

2. We see more “green shoots” in Brazil where consumer confidence, though extremely weak, is gradually recovering. There are more signs that Brazil’s inflationary pressures are easing, which should result in rate cuts by the nation’s central bank.

Continue reading at TalkMarkets →

Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at