“Phase One” Trade Deal is the Engine Pulling Emerging Markets Caboose
January 16, 2020 at 10:54 AM EST
With the U.S. and China having a “phase one” trade deal in place, emerging markets (EM) equities have been feeding off the anticipation since last year’s late rally. The deal is essentially the train engine pulling developed market freight cars along while the EM space, the caboose, happily trails...