Everyone knows the equity markets have been putting up a solid 2017. The S&P 500 is up about 12% and developed markets, excluding North America, as measured by the MSCI EAFE (MXEA) Index is up about 17.5% for 2017. However, emerging markets, as displayed by the performance of the MSCI Emerging Markets Index (MXEF) has gained almost 29%. The chart below shows the performance for MXEF in 2017.
A big trade came into the MXEF post at CBOE yesterday that seems[...]