190 days ago • Posted by Charles-Henry Monchau

EEM, the iShares Emerging Markets ETF, is breaking out

The theme of strong Emerging Markets performance continues. China is a huge part of EM, and tech is a huge part of the entire EM/China space. EEM is surging, taking out big levels in today's' session. Below is what Goldman Sachs wrote about China investing; " The economic resiliency and respectable equity market returns amid the Covid-19 disruptions and continued external pressures reinforce what we view as an underappreciated investment case for A shares as one of the largest, most liquid, growthy, dynamic, under-owned, and strategically important asset classes in a diversified global portfolio, in addition to the index inclusion and financial market reform tailwinds that should drive allocation and portfolio flows over time." - Source: The Market Ear 

EEM ETF chart