If you’re looking for macro takes, CNBC headlines, or excuses for why nothing works — you’re in the wrong place. The Trading Initiative is where real traders come to level up. We don’t chase news. We don’t follow narratives. We follow price. Led by Hamilton, TTI teaches traders how to identify trends, isolate relative strength, and capture momentum like professionals. If you’re ready to stop second-guessing and start trading like it’s your business, this is where you belong.
Buying A Brazilian Energy Giant
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The rotation out of US domestic assets isn't slowing down. It's accelerating. Over the last five sessions, emerging market bonds (EMB) pulled in over $1 billion in inflows. At the same time, US high yield corporate debt (HYG) saw nearly $500 million walk out the door. Think about what that means. Investors are choosing emerging market debt over US corporate junk bonds. The EMB/HYG ratio tells you everything. When it's rising, money is favoring international risk over domestic risk. And right now, it's rising. This lines up with what we've been tracking for months. The flows are moving out of the US and into international markets — equities, bonds, the whole complex. And within that rotation, Brazil keeps showing up. Brazilian equities are attracting some of the largest capital fund flows in the emerging market space right now. And sitting at the intersection of three major themes — energy, emerging markets, and Brazil — is Petrobras (PBR), which is breaking out into new decade highs. Not only are financial institutions buying PBR both directly and indirectly through thematic ETFs, but the momentum in PBR is increasing into 10-year highs with virtually no overhead supply to fight through. We've recently put a position on. And when three capital flow themes converge on a single name, you pay attention. So is this rotation here to stay? Here's what I think: as long as the dollar is under pressure, crude oil stays elevated, and US equities continue to see outflows, international markets have a tailwind that isn't going away. This isn't about one trade or one week. The institutional money is repositioning, and that process takes months, not days. The question isn't whether international stocks will work. Many of our international trades already are. It's which ones, and how to position around them. That's exactly what we're covering this Friday. We're running a live webinar breaking down our full international portfolio — the countries, the sectors, and the specific names where capital is flowing right now. If you've been waiting for a reason to try out the Market Blueprint, this is your shot. Friday. 10:30AM EST. Get our thesis, the trades, and ask your questions. Click here to join us.. and make sure you block off an hour on Friday. Profits Over Prophets, Hamilton |
The Trading Initiative
If you’re looking for macro takes, CNBC headlines, or excuses for why nothing works — you’re in the wrong place. The Trading Initiative is where real traders come to level up. We don’t chase news. We don’t follow narratives. We follow price. Led by Hamilton, TTI teaches traders how to identify trends, isolate relative strength, and capture momentum like professionals. If you’re ready to stop second-guessing and start trading like it’s your business, this is where you belong.
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