“It’s a F**king Bloodbath” – Emerging Markets Collapse As Turkey Tantrum Spread

by Tyler Durden
ZeroHedge.com
Fri, 08/10/2018

Throughout July, many sell-side analysts saw the ‘stability’ in EM assets as a sign that the worst was over and urged investors to pile back in to take advantage of ‘blood on the streets’ in EM at these cheap levels.

But, as one veteran EM trader in Brazil exclaimed to us this morning >”this is a fucking bloodbath,” adding that “liquidity has disappeared” and as spooked retail investors pile out of ETFs (that their advisers said were no brainers), the pressure in real markets is explosive.

Emerging Market FX is indeed a bloodbath…

The Rest…HERE

This entry was posted on Friday, August 10th, 2018 at 12:21 pm and is filed under Economics, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.