Emerging Markets (green line) beating both the S&P 500 (purple) and the Euro Stoxx 50 (orange). With so many people betting on risk-off environment, it’s pretty counterintuitive that the riskiest part of the global stock market had the smallest drawdown in December and is the market that is biggest gainer!
It’s going to be very interesting to see how this plays out from here. Definitely something I will be keeping an eye on.
