EMs Curling Up…

Since mid-to-late 2024 we have been banging the table on EMs, specifically Turkey, Colombia, Brazil and China.  See issues 197 and 209 for China; 210 and 200 for LatAm.  YTD the latter 3 have been on a tear with China up 25%, Brazil up nearly 13%, and Colombia up 22%. While stretched in short term…