🏆 Today's Chart of the Day was shared by Chris Kimble (@KimbleCharting).
- Emerging Markets ($EEM) have closed higher every month this year, marking the first 10-month winning streak on record. October was the highest monthly close since 2007, finishing slightly above its 2021 peak.
- U.S. Stocks have dominated for more than a decade, but Emerging Markets are up twice as much as the S&P 500 this year ( $EEM +34.4% YTD vs +16.5% for $SPY).
- Chris notes that $EEM is testing final resistance around $56, aligning with the peaks from 2007 and 2021. Given the recent surge, this is a logical level for a pause or pullback. However, if $EEM breaks out and legs higher, it will set the stage for a more aggressive rotation in 2026.
The Takeaway: After rising every single month this year, Emerging Markets ($EEM) are testing record levels and outperforming US stocks for the first time in more than a decade.
