FreeFXI4 min read
FXI: small caps are coiling
FXI
Delayed
IWM
Delayed
EEM
Delayed
The thesis
EM equity flows are turning, and FXI is the cleanest expression.
Small-cap breadth is basing in a way that usually precedes leadership.
What I'm watching
- EM fund flows
- the catalyst timeline
- A clean move through the level I flag below
Positioning
Long on FXI, 1-6 months horizon. Conviction: High. A risk-off turn hits small caps and EM first; defined risk.
Opinion, not investment advice. The author may or may not hold positions discussed.
Opinion. The author may or may not hold positions discussed. Not advice. Not a financial promotion approved under FSMA s.21. Quote data is delayed. Past performance is not a reliable indicator of future results.
Comments
2 commentsGood timing — was just reworking my FXI sizing this morning.
The footnote disclosure in the last filing supports this read, for what it's worth.