If developed markets crashed, could investors see a potential rally in emerging markets?
While it’s an unlikely scenario, it’s not without precedent explains Hedgeye Macro analyst Darius Dale in the clip above on a recent edition of The Macro Show.
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“You could go back to 2002 when China was first taking off and dragging EM up with it,” Dale explains. “You could go to the first half of 2008, which is obviously not a great example for what happened after. And then finally 2011. So, there is historical precedent for EM to diverge from developed markets, particularly when the Fed is getting aggressive from an easing perspective.” |
Watch the full clip above for more.
