- 1. All signs continue to point toward a weaker USD, which historically has led to the outperformance of Emerging Market equities.
- Overall, Emerging Markets are cheap relative to both the United States and the International Markets.
- Emerging Market earnings recovery are in line with U.S. Equities.
- Issues still remain for Emerging Markets.
Please refer to the pdf file for more details: Macro brief 073020.pdf