Sep. 11 at 10:58 PM
$SPY $EEM $ASHR $INDA I’m not sure that it’s such a big deal for emerging markets to be outperforming right now.
It seems to me that when the world in a bull market, emerging markets tend to move up faster. When the world is a bear market, emerging markets tend to move down faster.
They are smaller markets. They are less liquid, less efficient, more volatile, with smaller listings. It’s like micro caps moving faster than mega caps in a broad bull or bear market. It’s not abnormal.