Tag: Emerging Markets
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S&P 500 up and yet lagging Emerging Markets
December was the worst performing market since the Depression and not surprisingly January is shaping up to be one of the best. Even with today’s slight pullback, the S&P 500 is up 10% from the Christmas Eve low. The move back to risk isn’t unanticipated, given December’s extreme (and I believe unwarranted) selloff. What I…