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Correlations are breaking down as the global rally isn't keeping emerging stocks from their...

Correlations are breaking down as the global rally isn't keeping emerging stocks from their worst Q1 performance since 2008. It's the first time the sector hasn't outperformed during a bull market since 1998. Money managers are cutting exposure first, asking questions later, with a BAML survey showing them selling emerging markets to boost S&P 500 holdings.
Comments (2)
  • Teutonic Knight
    , contributor
    Comments (2020) | Send Message
     
    Not a good sign. Normally, if there is a true blue sustained recovery rally, it is almost invariably preceded by the emerging markets, which is not this case. As a matter of matter, the emerging markets seriously lagged the North American rally of late.

     

    I sold my small investment in the ODVNX fund (supposedly 5*) when it barely, and very barely got out underwater at the beginning of 2013. I got out 'just-in-time'; that rise was so tepid that I decided to let it go, and cut it loose, just breaking even after 18 months of horrible down.

     

    Amen and Amen.
    25 Mar 2013, 04:28 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (525) | Send Message
     
    Not really global then, Huh?

     

    Just US & Japan money printing.
    26 Mar 2013, 02:05 AM Reply Like
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