Emerging markets – especially Latin-America – did a huge rebound today, outshining every other regions without significant moves in any other major asset classes. Still SPLAC and MXEF stayed in their ranges, but this pickup the could be a sign for money tide to turn.

 

http://www.bloomberg.com/news/2013-08-05/americans-with-best-credit-in-decades-drive-u-s-economy.html

ZIRP in action. It`s amazing how resilient the American equities are even with this deleveraging and some fiscal tightening – the greatness of adaptation capabilities!

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