(1) Rotating in Chicago. (2) A year of living less dangerously. (3) Hunting for value among EMs. (4) Some EMs are cheaper than others. (5) Forward earnings rising to record highs in India, Indonesia, and South Africa. (6) China looking toppy. (7) Mexico isn’t cheap. (8) Brazil’s earnings in a coma. (9) Fragile Five leading the EM rally. (10) As expected, Q1 earnings season showing typical better-than-expected results. (11) No sign of profit margin reverting to the mean
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