The Rise of the Emerging Market Phoenix
The Dow and the S&P 500 are hovering in lofty new-high territory these days. While the major indices basically have done so via a slow grind toward the top this year, it has been a different story for stocks in the emerging markets.
Far from a slow-and-steady grind higher in 2014, emerging markets have seen a tumultuous ride that’s taken them nearly all the way down to their August 2013 low, and then back up to nearly their 52-week high.
The chart here of the iShares Emerging Markets (EEM) tells the tale of a market segment that’s risen from the ashes like a Phoenix, particularly since the March lows.
Read more about what the emerging markets’ recent rise means for their future at Eagle Daily Investor.