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Emerging Stocks Haven’t Had Such a Long Stretch Since Cycle Peak

  • It has been 594 days since MSCI EM Index hit its peak
  • Surging dollar, uncertainties about China weigh on outlook

Emerging market stocks have been in a record stretch of bear market, surpassing their rough patch during the dot-com era thanks to a surging dollar and China’s growth uncertainties.  

It has been 594 days since the MSCI Emerging Markets Index closed at its peak in February 2021, according to Bloomberg-compiled data. The previous record was 589 days that ended in September 2001, according to an analysis by Morgan Stanley on peak-to-trough spans.