Brave New World: Currency rout in LatAm; 9 million homes to hit US markets in next decade

Ritesh Jain, a Dalal Street veteran, trend watcher and Global Macro Investor, captures global macro investment opportunities and economic, business and financial trends with charts and commentaries in this space.

Latin American markets are experiencing a rout as anti-government protests spread. Brazil, Chile and Colombia’s currencies have all weakened to record lows.

"One in eight owner-occupied homes in the U.S., or roughly nine million residences, are set to hit the market from 2017 through 2027 as the baby boomers start to die in larger numbers. That is up from roughly 7 million homes in the prior decade" - Source: Wall Street Journal.

Asset price is a simple case of demand and supply. The following words from Agnico eagle CEO ( one of the largest gold miner in the world) will tell you the supply situation. Smart investors already know about the demand picture.

"Ecommerce sales will exceed $600 billion in 2019, double the amount five years ago. In dollar terms, ecommerce sales jumped by $20.4 billion in Q3 compared to a year ago, the biggest dollar-jump in the history of ecommerce" - Source: Wolf Street

"As everyone else wins, lowest-rated junk bonds get hammered...downgrades by S&P Global Ratings in the speculative-grade debt market are outpacing upgrades by the most since 2009"

"As everyone else wins, lowest-rated junk bonds get hammered...downgrades by S&P Global Ratings in the speculative-grade debt market are outpacing upgrades by the most since 2009" - Source: Bloomberg