Welcome to Karpel’s Corner. This is where I throw out my thoughts on the markets and share some of my favorite strategies. I keep it market-focused, and never miss an opportunity to teach trading strategies and commentate on the latest trends affecting the financial markets. Hope you enjoy today’s post!
We have covered the challenge of resistance in the Emerging Markets ($EEM) breaking above a two-year resistance and it has happened. $EEM has broke and held $44 and now looking to hit record highs.
Names like Samsung, Taiwan Semiconductor, and China Mobile are stocks that have been driving this ETF to new highs. These are also tech names, $XLK, that are driving the general market to new highs. The biggest catalyst is Chinese markets ($FXI), which are at highs that we have not seen in 3 years and are catalyzing the Emerging Market currencies and downside pressure on bond yields worldwide. This is also a driver to the US markets continuing to plow higher.
See you next time at the Corner!
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