The action in Singapore $EWS over the past three weeks bodes well for the emerging and frontier market trade.
Many index providers consider Singapore developed, but it trades closer to traditional emerging markets like Latin America.
Notice how $EWS broke out above a near multi-decade downtrend line in early 2025, around 4 months ahead of a similar breakout in Latin America $ILF.
Now it's pressing against all-time highs while $ILF still struggles in the short to mid-term.
By no means pressing the gas here, but it's constructive going into the back half of 2026.
Live at 10am today on The Million Dollar Question @StockMktTV I’m sharing the latest evidence with you that the rotation to value may be about to kick into a new gear. We’ll also have a fresh segment of Good Chart/Bad Chart. JOIN US! @ReveilleWealth
https://t.co/lVWbIybbtq
0.19%.
That's all the S&P 500 has gained since the breadth thrust regime ended on 14 May.
Two months later, the index has gone absolutely nowhere.
Funny how you need participation to actually go somewhere.
👉https://t.co/wJdJYNcmpx
European financials $EUFN have been leaders this cycle for the first time in many decades.
Looking elsewhere in the developed world, it’s a similar story. Japanese banks are on fire.
But under the surface, emerging-market banks have lain dormant since late January.
Here’s Egypt’s largest publicly traded bank, Commercial International Bank $CIBEY working on clearing a key polarity level.
Broadly, EM financials are setting up for a ripper in the back half of 2026.