Following three years of material underperformance relative to U.S. equities, the MSCI EM benchmark has posted a total return of 16 percent YTD. Clearly the bottoming of both oil prices (and much of the commodity complex) and domestic growth...
Investment gains were missing in action last week for all the major asset classes.
The airline industry has underperformed the S&P 500 over the last year despite most airlines posting record profits due to lower jet fuel expenses
