New Lows in Stocks are Picking Up Across the EMsSeptember 16, 2014
New 65-day lows in stocks are picking up across emerging markets. We’ve written a few times over the last week here and here about how the strong USD might affect emerging market company prospects to their detriment, so seeing a pickup in stocks making new intermediate term lows is not all that surprising. While new lows in Latin America are the highest of any region with 16% of stocks making new lows, new lows in Asia are at a level not seen since March. We’ll be keeping our eye on these indicators as the USD continues its trend higher.