EEM to be supported by weaker USD and lower rates in 2024

I started to believe that as yield trends are changing globally, and yields will likely be lower in 2024, while I expect USD to trade rather a little weaker, this all should help Emerging Market Stocks to reverse and start to show a better relative performance against SPX and DAX.

Key technical levels to watch are 40.20 and 42.

A close above 40.20 would strengthen bullish bias, while a close above 42 on a weekly basis would also confirm a long term bullish trend.

I see better risk/reward in Emerging stocks from these post covid era levels, than for US or European markets.



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