Last month’s slump in emerging-market assets has sent the MSCI Emerging Markets Index into a bearish technical pattern known as a “death cross,.” The gauge’s 50-day moving average has broken below its 200-day counterpart for the first time in about a year and a half. Although seen as a negative signal, it doesn’t always lead to losses -- January 2017’s break was a case in point as emerging market stocks recovered and continued to rally for a further 12 months.
Source: Bloomberg Pro Terminal
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