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MILLTRUST INTERNATIONAL
 

Calling Time on the Rebound in Emerging Markets

April 30, 2020

BY Alexander Kalis
GROUP MANAGING DIRECTOR

By Bloomberg

Emerging-market stocks are on the cusp of reentering a bull market following their tumultuous sell-off in March, but further gains aren’t yet justified by five key fundamental measures.

Of the so-called five Ps — pandemic, production, policies, positioning and prices — the last one above all is flashing a warning sign.

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