Emerging Markets Stocks Tied With U.S. Equities Year To Date

Summary

• Exclude China and broadly defined EM stocks are posting substantially softer results, based on a set of ETFs through Friday’s close.
• US shares are effectively neck and next with EM so far in 2024.
• The question is whether China’s dramatic revival will endure.

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As rebounds go, the current revival in the fortunes of stocks in emerging markets surely ranks as one of the more impressive feats in recent history. The caveat: The turnaround is primarily due to surging share prices in China. Exclude China and