Michael Bommarito

Global Market Performance: Most Countries At Top of Trading Ranges

Speaking of bollinger bands, the respective MSCI Index ETFs for Brazil (as well as Malaysia, Singapore, and Mexico) have all reversed trend and are now below their 50-session lower bands.

Do you think this is just nervous behavior on illiquid and sensitive ETFs (for EWM and EWS at least), or is this perhaps representative of a correction to come in the week ahead (FOMC dynamics aside)?