Market Viewpoint


EM Recovery Is in Progress, May Gain Momentum Later This Year

We’re starting to see a recovery in Emerging Markets, led by Taiwan and China. Broad upside momentum should increase as we approach the Federal Reserve’s anticipated easing cycle later in the year. Earnings growth is off to a slow start in 2024 but I expect it to outpace international developed markets and keep up with the U.S. by year end.

market views