tag:blogger.com,1999:blog-7190363847001030078.post413579160259803292..comments2024-03-11T18:09:51.461-07:00Comments on Between the Lines: Charts of the Day: Gifts for a Maybe Nervous Fed...Marty Mazorrahttp://www.blogger.com/profile/08472867992519060059noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7190363847001030078.post-24397613357855079042022-10-25T22:13:22.441-07:002022-10-25T22:13:22.441-07:00Yes, Sam, we do take a global macro approach to ma...Yes, Sam, we do take a global macro approach to markets. And, yes, going forward we like Mexico and Brazil.. I suspect we'll add to these positions over time... <br /><br />With regard to central bank digital currencies (cbdc), I suspect we'll see adoption across many countries in the years ahead. It would/will be particularly advantageous for Latin America given, among other things, the importance of remittances across those economies...<br /><br />As for NU, I just took a quick look at the profile, and while it's yet to turn a profit (expected to next year), the fact that Warren B has recently added to Berkshire's position there certainly says something... Otherwise, I, at this point, don't have an opinion (fundamentally)... In terms of the technicals, the chart paints a somewhat ambiguous picture -- could break out of that $4 to $5 range (since July) in either direction.. A strong move above its 50-day moving average (20 cents from here) would I suspect see it bounce into resistance at ~$5...Next resistance would be right around $5.90... A break below $3.95 would probably have it testing support around $3.60, then $3.25... Marty Mazorrahttps://www.blogger.com/profile/08472867992519060059noreply@blogger.comtag:blogger.com,1999:blog-7190363847001030078.post-74742321267794963432022-10-25T19:14:53.214-07:002022-10-25T19:14:53.214-07:00I like this header: Gifts for a Maybe Nervous Fed....I like this header: Gifts for a Maybe Nervous Fed. :)<br />I finally understand why PWA cares so much about the macroeconomy (the world is one big market as a Whole!) Big Tech companies, like Alphabet and Microsoft, are being hit with slow growth. For example, Alphabet Youtube has the slowest growth in a 13-year period in Q3 2022 because of the current macroeconomic environment. The same story is true at Microsoft. As a result, I like PWA's picks of the Emerging Market, Mexico, and Brazil.<br /><br />I have a question about the digital currency in Latin America in which that part of the world has invested heavily in it. What is your opinion of the stock ticker Nu in Brazil? (Buffet has already invested $1billion in the company).Samhttps://www.blogger.com/profile/05314309335677078770noreply@blogger.com