Thanks. I saw those headlines as well recently. Certainly can’t hurt the Malaysian & other SE Asian economies but my reason for holding off on taking the breakout personally (or adding EWM as an official trade today) is that I want to let the post-FOMC dust settle first & that means watching to see if today’s rally sticks & gets built upon or faded by tomorrow or early next week (which would be my guess).

Yes, emerging markets don’t always trade in lock-step & sometimes trade inversely to US markets but if the US markets are at or near a major top with an impulsive leg down to come, just about every global market will get dragged down with it.

It’s a Malaysia ETF chart. Hover your mouse pointer over his opening sentence and it will indicate a link – click the link to open the chart.