iShares MSCI Emerging Markets ETF (ARCA:EEM) Relative To iShares MSCI ACWI Index Fund (NASDAQ:ACWI) Into The End Of The Year
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.
Which stock should you buy in your very next trade?
AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?
Unlock ProPicks AI