Talking Emerging Markets With Mark Madden

Some emerging markets are more at risk than others from such events as we have seen by the terrorist actions in Morocco, southern Thailand, Turkey and Indonesia in recent years. Even in those cases, the market sold off initially and then recovered as investors realized that there was minimal long-term adverse impact to overall growth and corporate profits.

What are your prospects on the dollar?

I believe the direction of the dollar from here will depend on the U.S. consumer. If consumption continues to be strong, then I would expect the dollar to remain stable at these levels; however, if the consumer slows down and the economy hits a rough patch as a result of it, I would expect the Fed to back off on rate hikes and perhaps even reduce rates again while simultaneously allowing the dollar to weaken further.

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