Speculative growth has been the strongest theme into the end of the year.
But interestingly, we're noticing a major divergence between U.S. growth and E.M. growth. While the former is at the top of the rankings, E.M. growth has transitioned to red.
We need to see the Emerging Market Internet ETF $EMQQ reclaim this breakout level if we want to have a more positive stance on this theme.
