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Friday, March 29, 2024

“Sub-Merging” market bond (EMB)

Courtesy of Chris Kimble

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Many have discussed that due to a weak dollar, owning Emerging market bonds was a safer way to own bonds than owning debt in the states.  Only time will tell if this remains true.  One truth of late, channel resistance has turned this Emerging market bond etf into a “sub-merging” ETF!  The last couple of months action, after hitting the top of the channel has wiped out a couple of YEARS worth of price gains.

Keep a close eye on this ETF as it is fast approaching channel support.

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