Chart Of The Day: Will Trump Threat Break The BRICS?

Summary

• Representatives from BRICS countries slammed Trump’s policies and warned against "unjustified unilateral protectionist measures."
• So far this year, investors have profited handsomely from targeting BRICS markets.
• Funds that track foreign markets are benefitting from a falling US dollar, expectations for stronger growth overseas, and relatively strong commodities markets.

Worawith Ounpeng/iStock via Getty Images

By Mike Larson

President Trump is coming for the “BRICS.” Or more accurately, countries that align with the policies of the BRICS nations.

The acronym stands for Brazil, Russia, India, China, and South Africa. Representatives for those countries - and other