Hear No Evil, See No Evil Is the Mantra for Emerging Stocks
- Return of rally drives bears to cut $700 million of shorts
- JPMorgan Asset Management, UBS favor equities over bonds
Cambria's Faber Says Stocks in 'Shrug Emoji Bull Market'
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Don’t be fooled by a little slump. That’s the message emerging-market stocks sent investors when they rebounded from the first monthly loss of the year.
Markets from Brazil to Turkey are aiming again for all-time highs after ending the longest winning streak in more than decade. Calls from JPMorgan Asset Management to UBS Group AG favoring emerging-market equities have helped spur the rally, which caused bears to quash more than $700 million of short positions in just two days.