by Rebecca Ungarino
Troubling technical signs were already appearing in Chinese markets but those "cracks are getting wider" and spilling over into the broader emerging markets space.
"The 50-day moving average had been unbelievably strong support for the EEM all year, and tested it nine different times. And on the 10th time, today, it broke down. And it broke down considerably. So that's a yellow flag for that market,".
Recent weakness in commodities like copper further Maley's cautious stance.
The amount of debt created in China in recent years, gives Chad Morganlander, senior portfolio manager at Washington Crossing Advisors, pause about emerging markets.
"Our expectation is that you are seeing a slight policy shift to decelerate credit growth. They're not looking to actually put a hard brake in it.
Source: CNBC
https://www.cnbc.com/2017/12/07/emergin ... yptr=yahoo