Don't know if this is really in line with your theme Orwell, but i'm getting a contrarian feel about Emerging markets. Everyone is looking for them to outperform after a couple of years of pain thanks to USD and other dissipating factors. When I look at global trends, I just keep seeing automation, robotics, data analytics, etc etc...all leading to less manual labor, the competitive advantage of most EM's. Select locations such as India are more tech aligned so i see them as separate, but many others look vulnerable to me.
I posted this on XMD a while back and went long after the H&S double test held. Everything about the chart looks great from 2016 onward, but zooming out, the larger trend is still down. It's now close enough to my target (sold overnight), and will be looking for signs of a breakdown to short. That's not to say it wont just correct and blast out the top, but risk reward looks good on any break of the Dec->now uptrend. 38 looks completely reasonable even as a healthy correction, but with my contrarian macro hat on I think it will go much lower.
(20min delay)