ISA has always been negative the European economy. Our bearish emerging market posture is more recent, yet when China becomes serious about fiscal stimulus will we look to be heavily involved in the materials stocks. Until then, we’ll observe. Stresses in China’s manufacturing sector point to further economic slowdown at Sober Look.
So precious metals are the current favorite ISA play. Silver and the Myth of Diminishing Returns From QE at Safe Haven.
Pragmatic wisdom from Jim Chanos: Ritholtz.
Long term sector chat from Casey: