Strategy

Don’t Hope The Rally will Last - A notable disconnect in current US macro – budget revenues are flattish and the fiscal backdrop is very relaxed, while US government gross debt is on rise..
US dollar as a result should not be too strong while US rates should also be within limits..
This set of inputs is positive for higher asset prices – but the disconnect places the US financial system into less stable equilibrium and leads to higher uncertainty for US financial stability. While still to our village folks nationalism and patriotism is like gravity force while globalization is like cosmism. There are few reasons to be constructive on more recent economic nationalism trades i.e. on China, Turkey, Russia, UK and the US. They are the countries which are most visible beneficiaries ofrise in economic nationalism, interventionalism and protectionism
Few Examples of Economic Nationalism Trades - Turkey Lira devaluation provides room for exporters
Russia current account – quite supported by economic nationalism
China current account deteriorated after years of benefitting from economic nationalism.. But will be addressed by policy makers
Negative US current account will likely be addressed y policy makers
As for globalisation trends the trades most visibly benefit in our view are Africab countries specifically and frontier markets in general
Venezuela a more recent highlight in globalisation trade
Uzbekistan is as well while slightly more stable
Silk roads beneficiaries and countries benefitting Kazakhstan, Belarus and Eastern European counties and possibly Austria Re-farming trends yield some trades as well . Organicism is a path for better territorial development
Development of technology and information makes smaller towns and villages just as competitive as bigger rivals –
Sell municipal debt of larger industrial cities . Detroit was a good previous example.. Look further …
Policy mistakes are expensive – scrap your dividend yield and look for investment into unregulated, minorities owned, completely free enterprises While it is more and more obvious that the money is the message - Immortalise your message with blockchain record.. Hodl your basket of crypto currencies and security tokens
And keep in mind that Dr. Copper Sais Emerging Markets Rally Is could be just too fragile .

Chart: February 2019 Strategy

Don’t Hope The Rally will Last
Economic Nationalism Trades
Economic Nationalism Trades
Globalisation
Re-farming
Policy mistakes are expensive
Money is the message
Dr. Copper Sais Emerging Markets Rally Is could be just too fragile
Even worst equity markets class (Frontier Markets) delivered 5% return in January
Dynamics in Bond Markets is quite supportive of risk appetite improvement argument
Specialist sector funds see outflows
Commodities best and worst

Source: ML

Download file in Power Point

Jones Day Holds an Edge as Firms Double Down on Brand Strategy

New manufacturing strategy

Relative Strength Investing Trends: February 2019

France set to get first national strategy for research

Why Your Bold 2019 Strategy Is DOA By February, And How To Fix It

Significant hires

Lions intrigue season-ticket holders at summit with talk of draft, 2019 ...

Key Topics and News

Don’t Hope The Rally will Last

A notable disconnect in current US macro – budget revenues are flattish and the fiscal backdrop is very relaxed, while US government gross debt is on rise.. US dollar as a result should not be too strong while US rates should also be within limits.. This set of inputs is positive for higher asset prices – but the disconnect places the US financial system into less stable equilibrium and leads to higher uncertainty for US financial stability.



Source: ML

• Trump Isn't Happy With Shutdown Deal He Calls 'Obstruction'
• Hawks rally past Wolves, claim region title
• Cramer Remix: Don't let Wall Street convince you there's a 'Fed ...
• There Is Hope for Activision Stock. Here's How to Trade It
• Film about American Nazis aims to send message to Trump voters ...
• Don't get your hopes down yet - Japan's stockmarket - The Economist
• Giant one-day stock rally met with hope, skepticism | 2018-12-26 ...
• Dayton rally speaker to bring message of hope over dope
• A 'dirty' rally is taking shape as the stock market is heavily oversold ...
• Hope Over Heroin rally coming to Lake County Fairgrounds | Ohio ...
• View Officials Introduction PDF
• The Hope Speech - TerpConnect
• Rally Guide - AGL Rally SA
• Rally Organisation and Management – Guidelines - Drascombe ...
• anglais rally - Port de Québec

Reasons to be constructive on Economic Nationalism Trades

China, Turkey, Russia, UK and the US are the countries which are most visible beneficiaries of rise in economic nationalism, interventionalism and protectionism
To our village folks nationalism and patriotism is like gravity force while globalization is like cosmism.



Source: ML

• COMMENT: China trade is too valuable to take sides in US dispute ...
• Keeping the Lid on US-China Trade Tensions
• Q&A with young leaders at US-Asean Partnership Forum
• State-owned firm to buy more US soybeans following trade talk ...
• Is Europe headed for another recession?
• Economic Nationalism and International Trade - jstor
• Economic Nationalism in the Middle East - JStor
• Economic nationalism - Wikipedia
• economic nationalism
• Five things to look out for to understand the economic impact of ...
• (PDF) Chapter 6: Economic nationalism - ResearchGate
• (PDF) ECONOMIC NATIONALISM: INTERNATIONAL POLITICAL ...
• economic nationalism
• GLOBALISATION, OPENNESS AND ECONOMIC NATIONALISM ...
• Economic Nationalism and Its Future Prospects - Research India ...

Few Examples of Economic Nationalism Trades

Turkey Lira devaluation provides room for exporters
Russia current account – quite supported by economic nationalism
China current account deteriorated after years of benefitting from economic nationalism.. But will be addressed by policy makers
US current account will likely be addressed
By policy makers



Source: ML

• Economic Nationalism Is Suicide
• Domestic issues behind Indonesia's stunted growth
• Green nationalism: A modest proposal
• The State of Globalization in 2019, and What It Means for Strategists
• Keeping the Lid on US-China Trade Tensions

Globalisation Trades

Africa countries specifically and Frontier markets in general are the beneficiaries of continued Globalisation trends
Venezuela a more recent highlight in globalisation trade
Uzbekistan is as well while slightly more stable
Silk roads beneficiaries and countries benefitting Kazakhstan, Belarus and Eastern European counties and possibly Austria



Source: ML

• Trade's grave new world
• Globalization 4.0
• Tech revolution could cause another world war, Jack Ma warns
• Brics countries show the US the benefits of globalisation
• APICORP chief economist's top three signposts for energy ...

Re-farming Trades

Organicism is a path for Better territorial development..
Development of technology and information makes smaller towns and villages just as competitive as bigger rivals –
Sell municipal debt of larger industrial cities . Detroit was a good previous example.. Look further …



Source: ML

• Former Wellington mayor Celia Wade-Brown farms trees for carbon ...
• Rams GM Les Snead's Reputation For Making Deals Finally Paid Off ...
• GOP Can Generate Around $ 2b Revenue from 3 Mobile Operators ...
• Rams general manager Les Snead looking for one more prize
• Market Plus: Elaine Kub

Policy mistakes are expensive

Look for investment into unregulated, minorities owned, completely free enterprises



Source: ML

• Infrastructure policy mistakes take decades to unwind and cost ...
• The Greatest Mistakes of Lamborghini of All Time
• Should we stop rescuing people in wilderness?
• Poland could be better by Radoslaw Sikorski
• Why Is This Happening? Can we tax the rich? Jesse Eisinger explains

Money is the message

Immortalise your message with blockchain record.. Hodl your basket of crypto currencies and security tokens



Source: ML

• Vizio is telling you how to get paid for TV-spying lawsuit by taking ...
• 'Money matters more than women.' Browns, NFL criticized for ...
• Text from HSBC claiming customers are locked out is a scam to steal ...
• Did 'El Chapo' Testify That He Gave Millions to Pelosi, Schiff, and ...
• Let's Not Muddle The Message About Home- And Community ...

But Dr. Copper Sais Emerging Markets Rally Is could be just too fragile

Source: ML

• FTSE 100 closes marginally higher but consumer and industrial ...
• All You Need To Know Going Into Trade On Feb. 11
• 5 Things To Watch Next Week + ChartBook
• Global markets continue the bull-run, but have they forgotten Turkey?
• Why Morgan Stanley Thinks India Won't Feel The Emerging Market ...

Even worst equity markets class (Frontier Markets) delivered 5% return in January

Source: ML

• EPF dividend of 5% possible, 6% may be difficult
• MARKET ANALYSIS: Trade Concerns May Lead To Continued ...
• So long and good riddance to 2018, welcome 2019
• Mettler Toledo International Inc (MTD) Q4 2018 Earnings ...
• 50 top Canadian stock picks for 2019 as chosen by the pros

Dynamics in Bond Markets is quite supportive of risk appetite improvement argument

Source: ML

• Fed over-delivers… and the dollar bows
• Finance Minister Albayrak at World Economic Forum: Turkey offers ...
• Why Gendered Risk Management Is a Risky Business
• Italy And The New Eurozone Risk Morphology
• The country is hopelessly split. So why not make it official and break ...

Specialist sector funds see outflows

Source: ML

• 'It's happening again': UK property funds adjust pricing ahead of Brexit
• Women Advance In Alternative Investment Sector, Big Divide ...
• Wealth Managers' Headaches, Opportunity From Tech
• Why healthcare is the 'mermaid' sector for investors
• How Tech Drives Wealth Management Change

Commodities best and worst

Source: ML

• Periodic Table of Commodity Returns (2019 Edition)
• The state of the rand
• GLOBAL MARKETS-Stocks ride high as 'risk-on' reigns supreme
• Gold rises on weak dollar; investors seek more clarity on US-China ...
• Oil Slips as Resumption of Trade Talks Offers Little Optimism

Recent Strategy Chart Art

February 2019 Strategy Download file in Power Point	Don’t Hope The Rally will Last Download file in Power Point	Reasons to be constructive on Economic Nationalism Trades Download file in Power Point
Few Examples of Economic Nationalism Trades Download file in Power Point	Globalisation Trades Download file in Power Point	Re-farming Trades Download file in Power Point
Policy mistakes are expensive Download file in Power Point	Money is the message Download file in Power Point	But Dr. Copper Sais Emerging Markets Rally Is could be just too fragile Download file in Power Point

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Average Sovereign GEM Yields (USD)

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Average Sov. Dev. Markets Yields (blended currency)

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Average UST Yield

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Average Sovereign Local Currency Yields (USD)

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Choose A Country

ARGENTINA: RPT-EMERGING MARKETS-Latam FX, stocks drop as all eyes on ...	AUSTRALIA: Australia is Killing It in the Long Game	AUSTRIA: Austrian APK smells equity opportunities	BAHRAIN: Bahraini Stocks Lead Middle Eastern Markets Lower: Inside EM	BELGIUM: Belgium shares higher at close of trade; BEL 20 up 0.52%
BRAZIL: Brazil's New Government Is Promising Wall Street The Moon	BRITAIN: UK Equities: Reasons To Be Cheerful?	CANADA: TD Asset Management's CEO has never seen sentiment towards ...	CHILE: RPT-EMERGING MARKETS-Latam FX, stocks drop as all eyes on ...	CHINA: Stocks close mostly higher as new round of US-China trade talks ...
COLOMBIA: Colombia shares lower at close of trade; COLCAP down 0.26%	CZECH: Czech Republic - Factors To Watch on Feb 5	DENMARK: Denmark shares lower at close of trade; OMX Copenhagen 20 down ...	EGYPT: Egypt equities market review: Brighter start to 2019 as investors ...	FINLAND: Equities can't hold gains; Canada job growth impresses, EU data ...
FRANCE: France shares higher at close of trade; CAC 40 up 1.06%	GERMANY: Germany shares higher at close of trade; DAX up 0.99%	GREECE: Greece shares higher at close of trade; Athens General Composite ...	HONG KONG: Chinese investors fear missing out after US$9 billion in foreign ...	HUNGARY: CEE MARKETS-Stocks, currencies ease on growth worries
INDIA: Drop Extends for India's Sensex on Election Outcome Uncertainty	INDONESIA: Funds Are Getting Bullish About Indonesian Stocks	IRELAND: Global equity: navigating choppy waters	ISRAEL: Israel shares higher at close of trade; TA 35 up 0.36%	ITALY: Eurozone equities falter as Italy enters recession
JAPAN: Why it is time to 'strike gold' in Japanese equities	KAZAKHSTAN: BofA appoints new head of equities in global markets South Africa unit	LEBANON: Most Mideast Gauges Drop as 2018 Earnings Pressure: Inside EM	MALAYSIA: RM1 bil in foreign funds flowed into Malaysian equity market in ...	MEXICO: Are Cagey Traders Interested in Shares of Mexico Equity & Income ...
NETHERLANDS: Netherlands shares higher at close of trade; AEX up 0.78%	NEW ZEALAND: Synlait Milk leads NZ shares higher	NIGERIA: Undervalued Nigerian stocks seen poised for post-election rally	NORWAY: Norway shares lower at close of trade; Oslo OBX down 0.70%	OMAN: Bank Muscat PEAM division marks milestone
PAKISTAN: Any agreement on Afghan crisis to address Pakistan's equities: US	PERU: RPT-EMERGING MARKETS-Latam FX, stocks drop as all eyes on ...	PHILIPPINES: Philippine stocks seen getting a lift if trade war worsens	POLAND: Poland shares higher at close of trade; WIG30 up 0.25%	PORTUGAL: Equity News: Checking in on Shares of Energias de Portugal ...
QATAR: Qatar shares extend losing streak on foreign institutions	QATAR: Qatar shares extend losing streak on foreign institutions	ROMANIA: Stocks, currencies ease on growth worries	RUSSIA: EMERGING MARKETS-Emerging stocks, FX rise on hopes of ...	SINGAPORE: The incredible shrinking Singapore stock market
SOUTH AFRICA: BofA appoints new head of equities in global markets South Africa unit	SOUTH KOREA: Get Defensive in South Korea With These 5 Stocks	SPAIN: Mirabaud Securities bolsters team in Spain with new analyst	SWEDEN: Sweden's AP2 records -1.3% return in second half of 2018	SWITZERLAND: Equities drag Switzerland's Publica to 3.2% loss in 2018
TAIWAN: Asian stocks rise after listless Wall Street day	THAILAND: SE Asia Stocks-Thailand leads declines as most trade flat to lower	TURKEY: EMERGING MARKETS-Emerging stocks, FX rise on hopes of ...	UAE: Nasdaq Dubai starts futures trading on MSCI's Index of UAE stocks ...	UKRAINE: Ukraine to issue debt under World Bank guarantee by end-February
UNITED STATES: Spotlight: Wall Street zeroes in on China-US trade talk prospects	VIETNAM: SE Asia Stocks-Trade in tight range, investors focus on Sino-US talks

Comment

Monthly performance is between 2019-02-01 and 2019-01-01

Best global markets YTD EM LATIN AMERICA +14.99%, EM (EMERGING MARKETS) +8.71%, USA +8.21%,

While worst global markets YTD FM (FRONTIER MARKETS) 4.90%, EUROPE 6.73%, EFM ASIA 7.41%,

Best global markets last month EM LATIN AMERICA +14.99%, EM (EMERGING MARKETS) +8.71%, USA +8.21%,

While worst global markets last month FM (FRONTIER MARKETS) 4.90%, EUROPE 6.73%, EFM ASIA 7.41%,

Stocks close mostly higher as new round of US-China trade talks ...

US stocks push higher as shutdown and trade talk fears ease

Emerging-market stocks are the 'most crowded trade' for first time on ...

Emerging markets are red hot right now. Here are three investments ...

5 Excellent China Stocks for Year of the Pig

China stocks rally after Trump hints at trade truce extension

Get Paid To Wait On This Europe ETF's Resurgence

Investment Outlook: European equities looking cheap, says Franklin ...

Hedge Funds Unsure Where Oil Prices Are Going

Oil Prices Rise After API Reports Surprise Crude Draw

Sector headwind to continue for Tata Steel

Tata Steel: Soft steel prices slam earnings outlook in near term

Gold Prices Fall For Second Straight Session: 5 Things To Know

Gold Price Slightly Higher as Possible Deal Reached to Avoid ...

Best last month among various countries' equity markets were ARGENTINA +19.70%, BRAZIL +18.05%, KENYA +16.70%, TURKEY +15.74%, COLOMBIA +14.80%, PAKISTAN +13.83%, RUSSIA +13.20%, CHILE +12.82%, CANADA +12.77%, CHINA +11.42%,

While worst last month among various countries' equity markets were SERBIA -17.77%, ROMANIA -8.85%, BOTSWANA -8.72%, JAMAICA -6.38%, NIGERIA -4.95%, LEBANON -3.93%, OMAN -2.69%, INDIA -1.61%, TUNISIA -1.36%, BULGARIA -1.24%,

Best YTD among various country equities were ARGENTINA +19.70%, BRAZIL +18.05%, PAKISTAN +17.05%, KENYA +16.70%, TURKEY +15.74%, COLOMBIA +14.80%, RUSSIA +13.20%, CHILE +12.82%, CANADA +12.77%, ISRAEL +11.97%,

While worst YTD among various country equities were SERBIA -17.77%, ROMANIA -8.85%, BOTSWANA -8.72%, JAMAICA -6.38%, NIGERIA -4.95%, LEBANON -3.93%, OMAN -2.69%, TUNISIA -1.36%, INDIA -1.33%, BULGARIA -1.24%,

Chose Your Country

ARGENTINA AUSTRALIA AUSTRIA BAHRAIN BANGLADESH BELGIUM BOSNIA AND HERZEGOVINA BOTSWANA BRAZIL BULGARIA CANADA CHILE CHINA COLOMBIA CROATIA CZECH REPUBLIC DENMARK EGYPT ESTONIA FINLAND FRANCE GERMANY GHANA GREECE HONG KONG HUNGARY INDIA INDONESIA IRELAND ISRAEL ITALY JAMAICA JAPAN JORDAN KAZAKHSTAN KENYA KOREA KUWAIT LEBANON LITHUANIA MALAYSIA MAURITIUS MEXICO MOROCCO NETHERLANDS NEW ZEALAND NIGERIA NORWAY OMAN PAKISTAN PERU PHILIPPINES POLAND PORTUGAL QATAR ROMANIA RUSSIA SAUDI ARABIA DOMESTIC SERBIA SINGAPORE SLOVENIA SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND TRINIDAD AND TOBAGO TUNISIA TURKEY UKRAINE UNITED ARAB EMIRATES UNITED KINGDOM USA VIETNAM ZIMBABWE

News

Best 10 Markets Last Month

ARGENTINA 19.70%

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Trump drops translation earpiece during G20 meeting with ...

An Argentine News Network Decides to Compare India's Prime ...

Argentina's Best IMF Program Ever? Market Seems To Think So.

IMF Executive Board Completes Second Review Under Argentina's ...

Fed ups policy rate to 2.5%, signals fewer in future; US home sales ...

Smaller soy exporters on the rise amid global demand boom

IMF Executive Board Completes Second Review Under Argentina's ...

IMF says Argentina debt to peak at 65 pct of GDP in 2018

BRAZIL 18.05%

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Brazilian judge's surprise ruling may free ex-president Lula

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Bolsonaro's bid to kick-start Brazil economy destined to disappoint

EDPR may sell Brazil assets to continue greenfield investing

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Brazilian beef drives successful November exports

UPDATE 1-Brazil's Congress passes 2019 federal budget with $257 ...

Mattos Filho and Machado Meyer lead Brazil's debt markets table

KENYA 16.70%

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Here is the World Bank's new economic outlook for Sub-Saharan ...

Here is the World Bank's new economic outlook for Sub-Saharan ...

Businessman Jimmy Wanjigi pushes for Population Growth

What new Africa trade pact holds in store for Kenya

How Kenya's budget has grown over the years

Kenya debt sustainable despite IMF warning

TURKEY 15.74%

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Iran's President Turkish Visit Comes at Tense Time

Turkish Interior Minister calls on PM Imran

Recession in Turkey May Spell the End for Erdogan

Recession in Turkey May Spell the End for Erdogan

Utah among four states to surpass Florida's 2.5M population growth ...

Turkish business world bullish on 2019

Turkey's budget records $1.4 bln surplus in November

Emerging markets plunged this year — time to buy?

COLOMBIA 14.80%

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Colombia president, students reach accord after protests

Spanish language course for public servants

Colombia's Congress approves diluted tax bill

Colombia's Congress Approves Diluted Tax Bill

Integrating Venezuelans into the Colombian labor market

Colombia: South America's Under the Radar Emerging Global Market?

Colombia proposes spending cuts to make up budget shortfall

Colombia looks to revise debt composition amid transitional year

PAKISTAN 13.83%

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President creates history for arts in Pakistan

Pakistan: Imran Khan's 100 Days

Pakistan's economic growth likely to hit nine-year low in FY19

China's 'Belt and Road' Plan in Pakistan Takes a Military Turn

Impact of population growth

Rupee devaluation fails to spur growth in exports, touch $9.120 ...

Pakistan budget deficit widens to 6.6% in 2017-18

IMF to check Pakistan's debt sustainability before giving loan

RUSSIA 13.20%

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Not even Trump supporters believe the president on Russia anymore

Deputy Prime Minister of Russia Vitaly Mutko steps down as head of ...

Russian economy minister says GDP growth to slow in Nov-Dec: Ifax

Singapore: Singapore Becomes An IP Hub For Innovative Russian ...

Buchanan: Can US fight two cold wars at once?

Russia-Austria trade soars almost 60 percent, approaching pre ...

Belarus-Russia energy dispute snowballs

Russia's debt under Oschadbank claim for compensation of losses ...

CHILE 12.82%

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PM meeting with President Piñera of Chile: 1 December 2018

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Teck Deal Highlights Chile's Solid Investment Outlook

Chile's billionaire president urged to deliver economic recovery in ...

Gas in spotlight as Argentina eyes future volumes

Budget Restraints That Work: Lessons from Chile, Switzerland, the ...

Neruda nephew: Chile debt blocks tests on poet's remains

CANADA 12.77%

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Canada says China holds 3rd citizen, sees no link to first 2

Prime Minister Trudeau addresses why he would consider letting ...

Canadian economy's growth to slow to 1.9% next year

Canada's growth weakens as investment drops, consumers fade

Housing Shortage, Immigrants' Struggles Are Signs Canada Is ...

Canadian dollar lags most other G10 currencies as stocks retreat

Nova Scotia's estimated budget surplus down as income tax ...

Canada's debt growing to attract more corporate investment

CHINA 11.42%

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China's Xi is delivering a speech that could have major ...

Trudeau says third Canadian detained in China but denies Huawei ...

World Bank expects China's economic growth to slow to 6.2 per cent ...

China loosens foreign investment rules for EVs and hybrids

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No property mortgage in China deals: Diokno

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Worst 10 Market Last Month

SERBIA -17.77%

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Thousands protest against Serbian President Vucic

Serbian Prime Minister admits EU membership by 2025 may prove ...

Siemens to double number of its workers in Serbia in next five years

Azerbaijan, Serbia see 33pct growth in trade [PHOTO]

How should cities plan for migration? Alumna co-authors in-depth ...

Kosovo's Tough-Guy Tactics Won't Get it Far

Serbia's 9-mo budget surplus declines

Serbian PM Ana Brnabic to visit Prague

ROMANIA -8.85%

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Romanian President Iohannis plans to attend each Government ...

Romania's government set to face a confidence vote on Thursday

Romania's Government builds 2019 budget on 5.5% GDP growth ...

Investors' association questions sustainability of Romania's pension ...

Romania has a city it can boast about

Romania posts all-time high monthly exports, imports and trade gap ...

Romanian budget gap reaches a seven-year high

Moody's: Romanian growth is unsustainable

BOTSWANA -8.72%

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Botswana's big men battle it out

Botswana to consider decriminalising homosexuality

Botswana Railways courts investors for P15 billion mega rail projects

Botswana Railways courts investors for P15 billion mega rail projects

Africa: Reducing Poverty by Visualizing It – African Clock Tracks ...

This is how Africa can unlock its tourism potential

Zim missing out on mineral benefits

Botswana: China Writes Off Loans

JAMAICA -6.38%

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Mutko resigns as Russian football president

Prime Minister Touts Sandals Brand as an Ambassador for Jamaica

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Lowe and team granted licence for further

Andre Gordon | Prospects for export-led growth in Jamaica

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Jamaica's debt-to-GDP ratio to dip below 100% for 2018/19 - Clarke

NIGERIA -4.95%

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Nigeria's president presents 8.83 trillion naira budget for 2019

'President Buhari, replica of late Sir Tafawa Balewa '

Senate identifies maritime potentials for GDP growth

Promoting Intra-African Trade

Nigeria population to increase by 68m with current fertility rate ...

Nigerian Economic Growth Revised Upwards for 2019

Low oil price threatens Nigeria budget, revenue

Nigeria's debt profile now at $73.21 billion

LEBANON -3.93%

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Saudi ambassador to Lebanon presents credentials to president

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Agreement signed in Lebanon to boost economic ties with China

Lebanon's credit rating takes another hit

Lebanon Debt on 'Unsustainable Path' as World Bank Cuts Forecast

OMAN -2.69%

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Oman's foreign minister visits Washington to seek greater role in ...

Oman's foreign minister in US to seek role in Mideast peace process ...

Ominvest inaugurates its landmark Ominvest Business Centre project

Ominvest inaugurates its landmark Ominvest Business Centre project

Al Mazaya Holding organises open day

Growing trade with Qatar boosts Oman's non-oil exports

Oman's budget deficit falls 36.1 per cent

Fitch downgrades Oman debt to junk status

INDIA -1.61%

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President's Rule imposed in Jammu and Kashmir after 22 years

India's Modi is entering an election year looking weaker than ever

Niti Aayog strategy document estimates 8% average GDP growth ...

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Indian millionaires lead wealth growth in Asia Pacific, but stick to ...

India exports growth falls to 0.8% in November, trade deficit narrows ...

India's finance minister just announced plans for a bigger deficit than ...

Rs 30000 crore Air India debt to be transferred to new company

TUNISIA -1.36%

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Saudi Arabia pledges $830 million to Tunis, prime minister says

Tunisia expects 3.1-pct economy growth in 2019

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Tunisia activists planning 'red vest' protests over sagging economy

Tunisia: strong growth in manufacturing exports

Development, employment in 2019 Tunisian budget

Tunisia's Debt Races to Danger Zone, at 69.9 Percent of GDP

BULGARIA -1.24%

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Bulgarian President Radev vetoes Penal Code amendments

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Bulgarian economic growth boosts iGaming market

Dr. Boyko Takov: We See Untapped Potential for Development of ...

Over 700000 People Work in Sofia

BULGARIAN EXPORTS TO CANADA GROW 15% UNDER CETA

Bulgaria plans small fiscal deficit in 2019, boosts wages

Bulgaria posts third lowest debt-to-GDP ratio in EU at end-Sept ...

Top 10 Longs Based on Momentum

ticker	name	country	sector	PeriodChange
SBSP3	COMPANHIA DE SANEAMENTO BASICO DE	Brazil	Utilities	73.70
ELET3	CENTRAIS ELETR BRAS-ELETROBRAS	Brazil	Utilities	73.32
ELET6	CENTRAIS ELETR BRAS-ELETROBRAS SER	Brazil	Utilities	62.46
AMS	ANGLO AMERICAN PLATINUM LTD	South Africa	Materials	56.60
7733	OLYMPUS CORP	Japan	Health Care	52.28
IFIC	INTERNATIONAL FINANCE INVESTMENT &	Bangladesh	Financials	50.05
KIO	KUMBA IRON ORE LTD	South Africa	Materials	49.43
BTOW3	B2W COMPANHIA DIGITAL	Brazil	Consumer Discretionary	47.75
ANG	ANGLOGOLD ASHANTI LTD	South Africa	Materials	46.83
WEED	CANOPY GROWTH CORP	Canada	Health Care	46.60

Top 10 Shorts Based on Momentum

ticker	name	country	sector	PeriodChange
0102583D	AFRILAND PROPERTIES PLC	Nigeria	Real Estate	-98.99
0102583D	AFRILAND PROPERTIES PLC	Nigeria	Real Estate	-96.28
2768	JIAYUAN INTERNATIONAL GROUP LTD	China	Real Estate	-73.25
600518	KANGMEI PHARMACEUTICAL LTD A	China	Health Care	-40.41
607	FULLSHARE HOLDINGS LTD	China	Industrials	-39.63
TLV	BANCA TRANSILVAN SA	Romania	Financials	-34.80
HCM	HUTCHISON CHINA MEDITECH ADR REPRE	China	Health Care	-34.15
CAG	CONAGRA BRANDS INC	United States	Consumer Staples	-33.09
2371	TATUNG	Taiwan	Consumer Discretionary	-32.65
ASHOKLEY	ASHOK LEYLAND LTD	India	Industrials	-30.61

Z-rankings Methodology - Top Global Long Picks

Ticker	Company	Sector	PE RATIO 2016	PE RATIO 2017	PE RATIO 2018	EV/EBITDA 2016	EV/EBITDA 2017	EV/EBITDA 2018	P/S 2016	P/S 2017	P/S 2018	P/B 2016	P/B 2017	P/B 2018	DIVIDEND YIELD 2016	DIVIDEND YIELD 2017	DIVIDEND YIELD 2018	GROSS MARGIN 2016	GROSS MARGIN 2017	GROSS MARGIN 2018	ROA 2016	ROA 2017
GCHE RM zranks	Cherkizovo Group PJSC	Consumer Staples	8.0	7.0	0.0	6.0	4.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	6.0	3.0	0.0	26.0	0.0	0.0	5.0	5.0
034730 KS zranks	SK Holdings Co Ltd	Industrials	9.0	10.0	9.0	5.0	6.0	5.0	0.0	0.0	0.0	1.0	1.0	1.0	1.0	1.0	1.0	11.0	11.0	11.0	1.0	2.0
LB US zranks	L Brands Inc	Consumer Discretionary	14.0	11.0	10.0	7.0	6.0	6.0	1.0	0.0	0.0	0.0	0.0	0.0	5.0	6.0	6.0	39.0	39.0	39.0	12.0	10.0
CCK US zranks	Crown Holdings Inc	Materials	13.0	11.0	10.0	9.0	8.0	8.0	0.0	0.0	0.0	12.0	5.0	4.0	0.0	0.0	0.0	17.0	20.0	20.0	3.0	5.0
MOLD LI zranks	MOL Hungarian Oil & Gas PLC	Energy	0.0	8.0	7.0	4.0	5.0	4.0	0.0	0.0	0.0	0.0	1.0	1.0	0.0	3.0	3.0	0.0	0.0	0.0	7.0	5.0
EA US zranks	Electronic Arts Inc	Information Technology	28.0	28.0	24.0	17.0	18.0	15.0	4.0	7.0	6.0	6.0	8.0	6.0	0.0	0.0	0.0	73.0	75.0	76.0	13.0	22.0
015760 KS zranks	Korea Electric Power Corp	Utilities	18.0	10.0	6.0	5.0	5.0	4.0	0.0	0.0	0.0	0.0	0.0	0.0	2.0	2.0	3.0	12.0	12.0	14.0	0.0	1.0
CLX US zranks	Clorox Co/The	Consumer Staples	24.0	20.0	19.0	14.0	13.0	12.0	3.0	2.0	2.0	31.0	24.0	23.0	2.0	2.0	3.0	44.0	44.0	44.0	15.0	16.0
CLB US zranks	Core Laboratories NV	Energy	55.0	42.0	33.0	36.0	30.0	24.0	8.0	6.0	6.0	33.0	28.0	21.0	2.0	1.0	1.0	28.0	30.0	32.0	14.0	19.0
VRSK US zranks	Verisk Analytics Inc	Industrials	34.0	26.0	24.0	18.0	17.0	16.0	6.0	7.0	6.0	8.0	7.0	6.0	0.0	0.0	0.0	63.0	63.0	63.0	10.0	10.0

Z-rankings Methodology Top Short Picks

Ticker	Company	Sector	PE RATIO 2016	PE RATIO 2017	PE RATIO 2018	EV/EBITDA 2016	EV/EBITDA 2017	EV/EBITDA 2018	P/S 2016	P/S 2017	P/S 2018	P/B 2016	P/B 2017	P/B 2018	DIVIDEND YIELD 2016	DIVIDEND YIELD 2017	DIVIDEND YIELD 2018	GROSS MARGIN 2016	GROSS MARGIN 2017	GROSS MARGIN 2018	ROA 2016	ROA 2017
SBAC US zranks	SBA Communications Corp	Real Estate	144.0	180.0	96.0	25.0	21.0	19.0	7.0	10.0	9.0	0.0	0.0	0.0	0.0	0.0	0.0	74.0	73.0	75.0	1.0	2.0
NHM SJ zranks	Northam Platinum Ltd	Materials	0.0	0.0	207.0	12.0	13.0	9.0	2.0	2.0	1.0	1.0	1.0	1.0	0.0	0.0	0.0	0.0	10.0	15.0	-3.0	0.0
TSLA US zranks	Tesla Inc	Consumer Discretionary	0.0	0.0	133.0	15,521.0	44.0	17.0	4.0	2.0	1.0	12.0	10.0	9.0	0.0	0.0	0.0	18.0	18.0	22.0	-7.0	-3.0
OIBR4 BZ zranks	Oi SA	Telecommunication Services	0.0	0.0	0.0	0.0	7.0	6.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-3.0
WIN US zranks	Windstream Holdings Inc	Telecommunication Services	0.0	0.0	0.0	0.0	8.0	8.0	0.0	0.0	0.0	0.0	0.0	0.0	16.0	0.0	0.0	47.0	48.0	49.0	-18.0	-3.0
UDR US zranks	UDR Inc	Real Estate	117.0	170.0	134.0	24.0	21.0	20.0	10.0	9.0	8.0	3.0	1.0	4.0	3.0	3.0	3.0	0.0	0.0	0.0	1.0	0.0
MAC US zranks	Macerich Co/The	Real Estate	80.0	81.0	64.0	25.0	14.0	14.0	9.0	8.0	7.0	2.0	2.0	2.0	4.0	5.0	5.0	0.0	67.0	66.0	1.0	1.0
ENI IM zranks	Eni SpA	Energy	14.0	16.0	15.0	3.0	4.0	3.0	1.0	0.0	0.0	1.0	1.0	1.0	5.0	5.0	5.0	0.0	0.0	0.0	2.0	4.0
1898 HK zranks	China Coal Energy Co Ltd	Energy	16.0	7.0	8.0	9.0	8.0	8.0	0.0	0.0	0.0	0.0	0.0	0.0	1.0	3.0	3.0	30.0	21.0	21.0	0.0	1.0
INCY US zranks	Incyte Corp	Health Care	0.0	86.0	58.0	0.0	124.0	52.0	17.0	8.0	7.0	12.0	10.0	7.0	0.0	0.0	0.0	94.0	94.0	94.0	-15.0	-2.0

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