Trump isn’t stopping with the rhetoric on trade wars, and this will probably continue until the mid-term elections in November in the US. Currencies in emerging markets continue to be smacked but the THB, believe it or not, has remained relatively strong. The USD has always been my biggest worry for the past 12 months…followed by rather lofty equity valuations…but earnings overall weren’t that bad for the Thai market nor was GDP growth at north of 4%, so now what? I still see a lot of stupidly expensive names in Thailand and stupidly cheap ones, enjoy the week 🙂

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