The chart above is the relative performance of the MSCI Developed World Index against MSCI Emerging Markets Index and below we have the relative performance of the US S&P500 Index against MSCI Emerging Markets Index.
In both charts we notice the recent relative underperformance of the emerging markets starting with the November 2010 MSCI Emerging Markets Index top mentioned in a post at that time.
So far the overperformance of the developed markets that melt up to new highs is poised to continue but this is a counter trend move to the long term underperformance and may not last very long.
1 comments:
car magoo mr ebay 356 porsche parts lotus day spa port wentworth ga 1989 ford f250 lotus water lily
Post a Comment