The US-North Korea problem and racial violence in the States were enough to break the 21-week inflow into emerging markets funds. Investors pulled over $1.7 billions from shares and bond funds in the past week. The geopolitical tensions and growing concerns surrounding Trump and its administration have given investors all the reasons to believe that stocks in emerging markets are risky.
At the moment, the MSCI Emerging markets index is on a rising trend, but last week's withdrawal and growing worries on global markets form the Three Black Wing, which is a turning trend. Currently the price adjusts to 50% of the formation and the levels are good for taking short positions. Any break below 1025 will increase negative moods.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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