Emerging market crisis pulls in India, Indonesia

Emerging market crisis pulls in India, Indonesia

The bad news is that the emerging market crisis that has sent financial markets plummeting in Argentina, Turkey, and Brazil has added India and Indonesia to its list of victims. The good news is that the inclusion of India and Indonesia is exactly what analysts and...
Notes You Need for November 26: Argentina, Italy budget, Treasury yields, MGM, Federal Reserve minutes, Salesforce, corporate bonds, BMY, AAPL

Notes You Need for May 4: Apple and Buffett, Argentina again, more from Musk and Tesla, Buffett and IBM, earnings growth exceeds expectations, U.S. rig count, return of FAANG

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A representative item resembles this from today: “11:40 a.m.: Warren Buffett says Berkshire Hathaway has completely sold all its shares of IBM. At the end of the fourth quarter, Berkshire Hathaway held 2.05 million shares of IBM.”

Argentina gets credit rating boost from Moody’s–good news for my Volatility Portfolio picks GGAL and ARGT

Argentina gets credit rating boost from Moody’s–good news for my Volatility Portfolio picks GGAL and ARGT

Yesterday Moody’s Investors Service raised Argentina’s credit rating one level to B2 from B3. I added Grupo Financiero Galicia (GGAL) and Global X MSCI Argentina ETF (ARGT) to my Volatility Portfolio on my expectation that President Mauricio Macri’s macroeconomic reforms would gradually revive the economy and lead to upgrades in the country’s credit rating (and a drop in runaway inflation.)  The two picks are up 69.12% and 7.29%, respectively, since I added them to this portfolio. Argentina is on track, Moody’s said in its upgrade, to turn in two years of economic growth in a row in 2017 and 2108, which would be the first time that’s happened since 2011. Moody’s projects that the Argentine economy will grow by 3% this year and 3.5% in 2018.