Emerging market stocks reach 12 PE as earnings grow swiftly, Bob Elliott notes

Emerging market stocks reach 12 PE as earnings grow swiftly, Bob Elliott notes
Emerging stocks show fast earnings growth

Bob Elliott, Co-founder / CIO at Unlimited, points out that emerging market stocks are currently trading at a price-to-earnings ratio of 12 while actual earnings growth is accelerating at its fastest pace in decades.

The combination of relatively low valuation with strong earnings momentum draws attention to the investment environment across emerging market equities.

Elliott has recently commented on other significant market shifts. He observed that the pace of gold selling is now double its post-Covid lows in dollar terms. In another instance, he addressed the drop in the yen to new lows as equities fell. These remarks add context to his outlook on emerging market stocks.

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