Hottest Trade On Wall Street Took A Huge Hit This Week

Brazilian stocks collapsed Thursday on news of a fresh political scandal that jeopardizes the new administration’s reform plans.
But market strategists remained mostly optimistic about the hot emerging markets trade, even as Brazilian stocks tumbled Thursday.
This year, the iShares MSCI Emerging Markets ETF (EEM) has posted more than double the returns of the S&P 500.
A shocking plunge in one of its key components may dampen, but not crush, Wall Street’s favorite investment trade of the last few months: emerging markets.
Emerging market countries include Brazil, China, India and Russia.

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