Emerging markets are rebounding from low valuations, says RockCreek CEO Afsaneh Beschloss

Global Market Overview - The global bull market has been significantly influenced by low valuations in emerging markets, with notable improvements in certain countries benefiting from inflation and currency fluctuations, particularly with a weaker dollar [2] - AI is a major driver of market performance in both the US and emerging markets, contributing to the recovery of previously underperforming economies like Colombia and Hungary [3][6] European Market Dynamics - European markets, particularly Germany, have shown resilience and growth, with defense stocks experiencing substantial increases of 80% to over 100% [4][7] - Countries that previously struggled during COVID, such as those in the PIGS group, are now performing better due to improved fiscal plans, with France and Germany leading in defense spending [5][6] Trade Relationships and Global Alliances - The global trade order is undergoing a shift, with new bilateral trade deals emerging, particularly between India and other countries, while the US-China dynamic remains complex [9][10] - China continues to dominate the electric vehicle market, significantly impacting sales in Europe and other emerging markets despite recent downturns [10]