Positive signs are starting to appear in emerging markets. Does that bode well for the US?
Jordan Kotick, global head of technical analysis at Barclays Capital likes the action in the Bovespa, Brazil’s stock market.
Because Brazil is rich with commodities that nation emerged as key player in the last bull market. Companies such as Petrobras and Vale came to the forefront of global awareness as they supplied the world with iron ore, coal, oil and more.
And those commodities should play a central role once again, when world economies embark on a new program of expansion.
In fact, on CNBC's "Closing Bell" Kotick tells us he sees technical signs that expansion is starting to happen right now. He says, “there are signs that the Bovespa has formed a base and is in the process of bottoming.”
Clearly that’s a positive for Brazil but how about the good ol’ USA?