LDEM - Staying Selective In Emerging Markets
2024-02-12 13:10:00 ET
Summary
- We like emerging markets as upbeat risk appetite carries on. We also see big structural shifts creating granular opportunities within countries.
- U.S. stocks hit another all-time high last week thanks to earnings beats, even as U.S.10-year yields ticked up. We think positive sentiment can persist for now.
- This week’s U.S. inflation data should show if falling goods prices are still pushing inflation down. We think wage growth will reignite inflation after 2024.
Transcript
We like emerging markets as upbeat risk appetite carries on.
We see broader support for emerging market assets as markets price in a rosy macro outlook and fears of recession have faded....
Staying Selective In Emerging Markets