Tag: Commodity Collapse
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Emerging Market Cyclicality
Markets move in cycles. Emerging Markets are not only cyclical but also extremely volatile. Peak-to-trough swings of more than 30% are common. Cycles don’t repeat themselves, but they do rhyme. As commodity prices were collapsing in 2015-2016, Emerging Markets bottomed in February 2016. Pundits hysterically predicted that it would take a decade for extraction based…