The emerging market growth story is beautiful in its simplicity. Younger people with¬†increasing amounts of income in industrializing countries should drive demand for more¬†products, services, infrastructure and housing.
Of course, the emergers are not without their concerns. They face more vexing inflation than developed economies. They’re more dependent¬†on the natural resources they can or cannot export. [...] [...more]
Nearly every visitor to the CNBC microphone¬†is making the same proclamation; that is, emerging markets can’t handle commodity price inflation as well as developed markets.
The problem with this analysis is the conclusion that each¬†is providing. Specifically,¬†stock assets from the¬†U.S, Japan and the Euro-zone will outperform the industrializing world.
This has been true for the previous 6 [...] [...more]
The S&P 500 stayed above its 200-day¬†exponential moving average for a second consecutive day. Chart enthusiasts (a.k.a., technical analysts) find this trend rather bullish for the popular large-cap indicator.
Benchmarks for small- and mid-cap U.S. equities have also advanced the bullish cause. Both the iShares Russell 2000 Fund (IWM) and the SPDR MidCap 400 Fund (MDY) [...] [...more]