The facade of the Delhi Stock Exchange in 2015. Photo: Bernat Armangue / AP

Emerging markets roar back ... "America first? Not when it comes to world stocks," Barron's writes in its cover story:

  • "[E]merging markets have outpaced an aging bull market in the U.S. over the last 12 months."
  • Why it matters: "[E]merging markets ... were last this hot in 2009."
  • "The MSCI Emerging Markets Index is up 34% so far this year, beating the 16% advance in the Standard & Poor's 500 index and last year's 9% gain, as emerging markets crawled out of a three-year slump."
  • "China, Russia, and India found firmer fiscal footing and weathered developments that would have derailed them before."
  • But, but, but: "[T]he prospect of Beijing wielding a heavier hand in Chinese companies and economic reforms in India potentially slowing near-term growth means that investors who take a closer look now will need to pick their spots carefully."

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 32,471,119 — Total deaths: 987,593 — Total recoveries: 22,374,557Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 7,032,524 — Total deaths: 203,657 — Total recoveries: 2,727,335 — Total tests: 99,483,712Map.
  3. States: "We’re not closing anything going forward": Florida fully lifts COVID restaurant restrictions — Virginia Gov. Ralph Northam tests positive for coronavirus.
  4. Health: Young people accounted for 20% of cases this summer.
  5. Business: Coronavirus has made airports happier places The expiration of Pandemic Unemployment Assistance looms.
  6. Education: Where bringing students back to school is most risky.
Mike Allen, author of AM
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Judge Amy Coney Barrett. Photo: Matt Cashore/Notre Dame University via Reuters

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