An emerging markets supercycle has just begun: Shuli Ren

Bloomberg should keep calm and carry on. There are good reasons to believe that emerging markets have entered a yearslong supercycle. The mechanisms that underpinned 2025’s outperformance, such as a weak dollar, benign global First, is it time to stockpile commodities? If one consequence of Russia’s invasion of Ukraine is central banks building up gold reserves and diversifying from Treasuries, then President Donald Trump’s oil grab in Venezuela and subsequent threats to take minerals-rich Greenland “the ha ...