Living in Perpetual Uncertainty

It is the destiny of financial markets to be perpetually shrouded in uncertainty. These last few weeks, this sense of ambiguity is becoming more evident. Investors worldwide are forced to continue waiting as key institutions, once again, delay critical decisions.

Tuesday night, in New York, Morgan Stanley Capital International (MSCI) Inc. sent shivering news to investors owning Chinese shares. Once again, MSCI excluded Chinese A-shares listed in mainland bourses from the MSCI Emerging Market (EM) Index. Those who are already holding long positions, expecting a massive price-hike, were caught with their pants down.

June 21, 2016