10/16/24 07:52 AM EDT

CHART OF THE DAY: Go Anywhere, Even South Africa (EZA)

Below is our "Chart of the Day" and a brief excerpt from today's Early Look written by our Risk-Manager-In-Chief Keith McCullough.

The reason why I’m focusing on South Africa this morning is that it recently corrected alongside most EM (Emerging Market) exposures during the US Dollar’s big bounce.

Did you know that during #Quad4 in Q3 for the USA (which featured a double-digit drawdown of the NASDAQ), South Africa (EZA) was up +22% (absolute, not relative) during its #Quad1 in Q3?

CHART OF THE DAY: Go Anywhere, Even South Africa (EZA)

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