Filed under: International markets, Earnings reports, Cisco Systems (CSCO), China, Brazil, Russia, Indices, Market matters, Money and Finance Today, QUALCOMM Inc (QCOM), Technical Analysis, Commodities
No small number of analysts have noted a rising correlation between some of the more speculative asset classes, including foreign currencies, gold, oil and other commodities, and certain sectors of the global equity markets.
As far as stocks go, however, one relationship may be worth paying special attention to. That is, the apparent link between the technology-laden Nasdaq-100 index — which has an equivalent exchange-traded fund, the Powershares QQQ Trust ETF (AMEX: QQQQ) — and the MSCI Emerging Markets Index, which also has an equivalent exchange-traded fund, the iShares MSCI Emerging Markets Index ETF (AMEX: EEM).
Continue reading Nasdaq weakness: A warning sign for emerging markets?
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