Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
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."