Gap Between Emerging Markets, S&P 500 Nears Record High: ChartBy
As U.S. stocks approach all-time highs, emerging markets have fallen far behind, with the gap between the two near the widest on record. Over the past five years, developing markets were hit by declining commodity prices, a strong dollar, and large drops in China, Russia and Brazil. However, emerging assets have reversed some of their losses this year, and Manishi Raychaudhuri, a Hong Kong-based Asia equity strategist at BNP Paribas Securities, says the recovery may last another 18 to 24 months.
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