Sentiment Turns More Bearish Toward Emerging Markets
Mike Macdonald | Nov 27, 2014 12:20AM ET
Prices are trending lower once again, with critical support from February 2014 now in sight. There is risk of a break beneath here, as the RSI turns lower also, signalling further Emerging Markets underperformance into early 2015. A break back above the moving average would help bring some stability, with a more bullish tone confirmed above the trendline from 2012, but this is not expected, as investor sentiment turns more bearish within the dominant bear trend from late 2010.
Money managers are advised to maintain an Underweight stance to Emerging Markets into the end of the year.
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