EEM: Emerging Market MSCI (EM) : SELL

AMEX:EEM   iShares MSCI Emerging Index Fund
Emerging markets equities had to clear many hurdles in 2022 but began to recover in the fourth quarter.

But technically, there are hurdles, The Red sloping line of 2021 is the prime example.

After the steep drop in equity markets overall in 2022, It is believed that emerging markets equities may be one of the most mispriced asset classes, with attractive valuations compared with historical levels.

A 15% drop cannot be ruled out...fundamentals are strong, but technicals will sadly rule.


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