Latin American equities' sell-off looks overdone as long as the underlying businesses keep growing and fundamentals remain intact. Under that condition, the drop is market noise, and MercadoLibre and Nu Holdings could offer attractive opportunities amid the panic. x.com 

China-heavy emerging-market funds carry a lasting governance risk: autocratic leadership has little alignment with foreign shareholders. Chinese shares may offer tactical trades, but a permanent rerating is hard until the CCP is gone. x.com  x.com  x.com 

Emerging-market stocks are much weaker than the index suggests: excluding the top three stocks, the emerging-markets ETF is heavily down. As Scott Charts notes, Taiwan now has a bigger weight than China despite a far smaller economy, and Samsung and SK hynix together outweigh all of India. x.com 

Latin American names such as PagSeguro, StoneCo, MercadoLibre, dLocal, Grupo Aval and Ecopetrol could re-rate violently if the market keeps pricing them as fragile regional risk proxies while their businesses prove to be long-duration infrastructure assets. BofA is now waking up to the LatAm asset opportunity. x.com 

Emerging-market stocks are outperforming because of where AI capex lands, not a weak dollar. US cloud spending flows to wafers, HBM, packaging, ASIC design and rack power from TSMC, Samsung, SK hynix, MediaTek and Delta Electronics; Korean stocks led despite a 12% won slump. Cap weighting amplifies this, as those names near a quarter of the index. EM trades at about 12x forward earnings versus 20x for developed markets, and Morgan Stanley sees 40% EPS growth in 2026. x.com  x.com 

Emerging markets get squeezed when the dollar spikes, and the safe-haven dollar surge after US-Iran peace talks collapsed shows markets now pricing a longer conflict. A flight to safety reprices the odds of the conflict dragging on, which is bad for risk assets broadly, including growth stocks and emerging markets. Hard assets such as energy, commodities and gold catch a bid when diplomacy breaks down. This is not a time to chase moves. x.com 

Latin America may naturally lean center-right, with decades of leftist misery possibly driven by USAID, which is bullish for international equities. @Sam_Badawi notes Colombia just elected a pro-business candidate, a potential tailwind for fintech, e-commerce and lower rates if the new administration follows through. x.com 

Chinese equities, including Alibaba and KWEB, look set for a rapid reversal: after months of profit-taking and decade lows in many names while US markets reached highs, this morning's inflow is a positive sign. There is still value in many of these names. x.com 

Today's fundamentals and long growth runways make Nu Holdings and MercadoLibre among the market's most compelling and mispriced opportunities for patient capital. Their short-term outlook shifts mostly with FX volatility and fiscal and monetary policy uncertainty. x.com 

Brazilian equities look uninvestable as the political shift toward socialism threatens to make an already poor inflation-adjusted long-term bet worse. The Brazil ETF's sharp decline after the political outcome illustrates the concern, though individual winners remain possible. x.com  x.com  x.com