32 days ago • Posted by Martin Boujol
Morgan Stanley says emerging stocks may have already peaked
According to Morgan Stanley, EM stocks have reached their peak after the January surge. The analysts support this thesis with 8 arguments, which include: falling copper prices, moderating balance sheets of Group-of-Four nations, peaking sentiment on reflation, tightening liquidity in China, a steadying U.S. dollar, stalling earnings revisions, “euphoric” fund inflows and the relative performance of Korean stocks. The bearish warnings comes after a 10% growth in the last month.
Source: Yahoo Finance, Bloomberg, Morgan Stanley