The further markets move in a positive direction, arguably the more they can fall again. However, looking at financial markets over the past month, we are increasingly seeing negative news having a transitory effect. Elsewhere in financial markets, we also see more risky assets performing. Trend and whats behind it are what matters we argue the current bad news is no worse than that in 2019.

IS EM brushing aside negative news just early overoptimism which may lead to overpriced Emerging Market assets in a recession economy? Discuss…

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