It’s a Mad, Mad, Mad, Mad World

And it’s been mad bullish since Q4. Last year we had bearish projections for ACWX down to support, which did not hold, down to the gap fill (which did) and down to support at 39, which did not register.


ACWX is my blunt global (ex-US) long position among more focused longs across the globe. But what it needs to get going vs. the USS Good Ship Lollypop is for USD to break down. Of course within the world, there are discrete areas that would out perform in that scenario. Talking to you EM. Talking to you commodity/resource producers.

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