Will EM assets breathe some fire in the Year of the Dragon?

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In the first half of 2024, the S&P 500 (the largest global stock market) hit all-time highs 31 times, showing the resilience and momentum in US equities. More broadly, risk assets finished Q2 strongly, with parts of the commodities space outperforming, and emerging market equities continued their recent trend by outperforming global equities in June
and over the second quarter.

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