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Dale A. Norton, ME

Dale accumulated extensive research experience in fixed income markets and emerging markets at his previous position on the Leveraged Finance team at a global investment bank. He focused primarily on investment research coverage to support leveraged finance transactions and emerging market capital raising. He was formerly a management consultant at a top firm, where he focused on financial institutions. Dale holds a Master's degree from the leading university in Cambridge, MA.

Disclosure: I am in full compliance with all ethics and other policies for Market Realist research analysts. I am not invested in securities that I cover on Market Realist.

More From Dale A. Norton, ME

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    Financials

    Additional indicators confirm a positive outlook for Mexico (EWW)

    Is the Mexican market becoming bullish? Below are additional macroeconomic indicators released in September that point towards a recovery in the Mexican economy (EWW). The Mexican market may be changing its course towards a bullish trend. Unemployment drops The rate of unemployment also continued its downward trend during August, dropping to 5.2% in August versus 5.4% […]

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    Financials

    Must-know: Mexican indicators confirm a positive turnaround

    Turnaround signals Earlier this month, several macro indicators started giving faint signals of turnaround for Mexico (EWW). While quarterly GDP was down, PMI started pointing towards a reversal in the negative course. Given that PMI is forward-looking, positive macroeconomic data this month have been key in confirming the positive trend. Industrial production increasing Industrial production was […]

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    Basic Materials

    Why is gold so important in India?

    India is the largest gold importer in the world, yet the government continues adding limitations to importing gold into the country Many factors—including low credit and the continued depreciation of the Indian Rupee—have led the government to instill several gold importing restrictions since the beginning of the year. It seems now that every few weeks, the […]

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    Financials

    Why the Brazil PMI confirms a downward spiral (Part 3)

    Continued from Part 2 The latest PMI placed Brazil under the 50 point line, signaling contraction Out of the five key sub-indices making up Brazil’s (EWZ) PMI, five posted drops. Stubborn inflation Inflation hit costs hard, rising at the fastest pace in more than three years and squeezing margins in the process. A large component […]

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    Financials

    Christine Lagarde of the IMF sees a 3-speed economy (Part 3)

    Continued from Part 2 Emerging markets and developing countries This is the third of Lagarde’s three economic groups. This group includes developing regions such as Southeast Asia, with countries such as Indonesia (IDX) and  Malaysia (EWM), and Sub-Saharan Africa (AFK), currently the two fastest-growing regions in the world. Latin America (ILF) has also been a […]

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    Financials

    Christine Lagarde of the IMF sees a 3-speed economy (Part 1)

    Christine Lagarde, the managing director for the International Monetary Fund, sees a three-speed global economy In her speech at Brookings Institution in early June, Lagarde mentioned that the global economy has shifted this year towards a three-speed economy, versus the two-speed economy coined by PriceWaterhouseCoopers half a year ago. You can broadly categorize the three […]

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    Financials

    Mexico’s growth picks up in June, what will drive growth? (Part 1)

    The latest global activity indicator showed a meaningful increase in economic activity The global activity economic indicator in Mexico (EWW) is a gauge of GDP performance by broad industry sectors. It’s published monthly by the Mexican Institute for Statistics and Geography. The global economic indicator indices allow investors to distinguish between growth in the industrial and […]

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    Financials

    Why Mexico’s economic slide continues and a recovery isn’t happening (Part 1)

    The survey is at its lowest point since it started slightly over two years ago The Purchasing Managers Index (PMI) measures several items along the manufacturing supply chain, including new orders, production, inventory levels, prices, and employment. The PMI serves as a leading indicator of the economy’s near-term performance, so economists and financial analysts closely […]

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    Financials

    Why Brazil’s equity market keeps dropping (Part 1)

    Several negative factors have come combined to cause a steep drop in the equities market Over the past month, the main Brazilian ETF, EWZ, has dropped 20% in value. Below is a recap of the negative chain of events that led to this fall and how likely the market will recover. Social unrest: Why Brazil’s equity market […]

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    Financials

    Brazil’s payrolls way below consensus, soft patch ahead?

    New jobs for May dropped by over 60% in May versus April Under normal market conditions, not many economists and analysts would pay attention to payrolls, but given the fragile state of the economy, everyone is trying to guesstimate the next action by the central bank by following specific macroeconomic indicators. In the U.S., weekly […]

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    Financials

    Why Brazilian consumers are becoming pessimistic

    Consumer expectations surveys are helpful for analysts Consumer expectations drive the trade-off consumers make between spending and saving. Both saving and spending are important for economic growth. More spending means there’s more demand for products, so businesses increase revenues and profits. More saving, though, means banks have more capital to lend out to businesses to […]

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    Financials

    Unemployment in Mexico holds steady, finally some good news

    May unemployment figures were marginally stable compared to April Unemployment is a key indicator of economic health. It’s a lagging indicator, and that means it’s better at confirming trends, especially downward trends, since unemployment rises faster than it falls. Unemployment holds steady, in line with PMI employment indicator The June PMI showed a continued slowdown […]

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    Financials

    India on the verge of contraction

    The PMI hits 50.1, the lowest point in 50 months The Purchasing Managers Index is a useful gauge of the confidence in the manufacturing sector. Since the sector is sensitive to consumer demand and pricing dynamics, it can give insight about the broader economy as well. India’s economy has been disappointed for several months now, […]

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    Financials

    Brazil unemployment steadily decreasing

    Unemployment may be a lagging indicator, but Brazil’s steady unemployment downtrend is greatly reassuring that the economy has a solid base. Unemployment is a basic indicator of the economic performance of an economy. A low is a basic requirement for a country to achieve its economic growth potential. In the case of Brazil, unemployment has […]

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    Financials

    Mexican economic recovery dragged down by industry and agriculture

    Despite signs of recovery within the services sector, the agricultural and industrial sectors are dragging down economic growth. The global economic indicator, as published by the Mexican Institute for Statistics and Geography, registered the third mild growth of the year in March. Despite its lagging nature, the indicator offers insight into how each of the […]

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    Financials

    Mexico’s unemployment is not showing signs of recovery

    While it may not come as a surprise, the worsening unemployment means the economy is not improving Unemployment is a key indicator of economic health. It is a lagging indicator, and that means it is better at confirming trends, especially downward trends, since unemployment rises faster than it falls. After the tease drop in February, […]

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    Financials

    Mexican Pesos gaining strength vs. other Latam currencies

    The currencies of the two largest Latam markets are now once again regaining strength, as evidenced by the appreciation of the Mexican Peso and the Brazilian Real. Foreign exchange rates are very relevant to emerging market investors since the local markets are traded in the local currencies, hence foreign investors are exposed to currency risk. […]

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    Financials

    Spoiler alert: China Services PMI drops across the board

    The April Services PMI showed drops across most indices comprising the headline value If you want to feel your life is not as bad as it could be, look at the China Services PMI. All indices composing the headline figures slowed down, with the exception of prices charged, just to throw some unwarranted inflation into […]

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    Financials

    India Services PMI drops to lowest growth rate since October 2011

    In case the Manufacturing PMI didn’t disappoint you enough, the Services PMI should drive the point home The Services PMI is a useful survey to review in conjunction with the Manufacturing PMI to get a full picture of the prospects of an economy. In emerging markets, like Brazil, Russia, India and China, the services sector PMI is available approximately […]

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    Financials

    China’s PMI shows red all over the tape

    While the overall PMI was no surprise due to the Flash PMI release, the surprise came from several drivers falling below 50 The China PMI Flash a week ago had foreshadowed what would be a bad PMI reading, but the breakdown by indices was able to disappoint even more. Hongbin Qu, HSBC’s Chief Economist for China & Co-Head of […]