EM vs. SPY – Key level coming.


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Emerging markets ( EEM , quote ) vs. domestic markets ( SPY , quote ) are in focus with key levels coming. There have been many places to say the gross underperformance of emerging markets to domestic markets was going to turn.

Other than some short term trades they were head fakes.  The 5 year chart shows a level that goes all the way back to where emerging markets bottomed ahead of domestic markets in '09 well really the end of 2008.

This is a level one could look at technically to say this is where domestic markets needs to re-rate from again.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

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