EM’s Best Run Since 2004 Continues As Jobs Number Greenlights ‘Carry’ On

EM’s Best Run Since 2004 Continues As Jobs Number Greenlights ‘Carry’ On

So on Thursday, we noted the following about investors' undying love for emerging market equities in an environment where the assumed slow pace of Fed tightening supersedes all other relevant factors: Emerging market stocks have now risen for eight months in a row. As far as the ETFs go (i.e. as far as how most people are trading it), EEM has outperformed SPY for six consecutive months in the longest streak of outperformance since February 2005: Make no mistake, this is starting to get st
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