Marcelo Carvalho, Head of Emerging Market Research, Latam at BNP Paribas, wrote an informative article explaining the correlation between the U.S. dollar and emerging markets for CNBC.
The article, “As US stocks get slammed, these markets are primed for growth” describes 3 factors:
- Political turmoil and high stock valuations in the U.S. are creating an uncertain market for investors
- Global growth, low inflation and interest rates are creating a sweet spot for developing nations
- Emerging markets are taking off, with Latin America and Brazil in particular, leading the way