Morning Update – 18/11/2016 – by Arjun Lakhanpal

Morning all.. Wall St closed firmer again even as the dollar rallied yet again with the S&P up 0.47%. Asia had a busy session as US yields and the dollar extended gains. The Nikkei closed up 0.59% as USDJPY busted through 110.00 and extended through Asia to 110.78. BoJ’s Kuroda: BoJ prepared to conduct fixed-rate operations in unlimited amounts if needed; may not use fixed-rate JGB buying every time, just in case yields jump; not ruling out operations below market yields;  As Europe walks in the dollar is on its highs. – “Violent Rotations” – Record Equity ETF Inflows, Record EM Debt Outflows… And It’s Just Beginning – According to Lipper data, in the week ended November 16, investors flooded $23.6 billion in new cash on U.S.-based stock funds over the latest week, the most in nearly two years and the third-largest haul for those funds on record. This number consisted of a record $27 billion inflow into equity ETFs, suggesting that even during moments of peak euphoria, active managers are unable to get funding:.This seems to be supporting US stocks but emerging markets struggling. The dollar hitting the EM space hard and some CB’s now intervening and Mexico raised rates last night. This morning we get no data of note and look forward to Canadian CPI later today.. Good luck