The dollar is at six month highs. In those six months the S&P has out-performed international developed EFA by about 450 basis points.

EM equities faltering this month on a relative basis versus S&P on the back of continued dollar strength. EM had doubled S&P performance over the previous 3 months, but that super hot streak seems over for now.

Trump Says He Wants Ukraine’s Answer on Peace Plan by Thursday Ukrainian President Volodymyr Zelensky says he faces ‘a very difficult choice’ over the administration’s 28-point plan, which would make major concessions to Russia.

This has all the makings of a geopolitical disaster of epic proportions.

www.wsj.com/world/zelens...