Saturday, 19 March 2016

Emerging markets and US transports back in bull markets

Stocks rose on Friday.

The S&P 500 rose 0.4 percent to erase its loss for the year, the STOXX Europe 600 rose 0.3 percent and the MSCI Emerging Markets Index rose 1.2 percent to bring its rebound from a 6 1/2-year low in January to 20 percent and taking it back into a bull market.

Also confirming a return to a bull market recently is the Dow Jones Transportation Average, a positive sign for the market as a whole.

“They’re a very good canary in the coal mine, both on the way down and as things come back up,” said Eddie Perkin, chief equity investment officer at Eaton Vance Management. “Even when you strip out the noise, it looks like a good story.”

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