Exportadores vs. Importadores de Commodities em Mercados Emergentes

While the divergence is clear, I'm still hesitant to overcommit. A strong dollar and potential global slowdown could still hit commodity prices, even for exporters. I'm keeping an eye on it but not making drastic changes yet.

I've definitely been leaning into exporters, especially in LatAm. The tailwinds seem pretty clear, even with the broader macro uncertainty. It feels like a more defensible position right now.