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Another all-time high for the Nasdaq

Odwa Magwentshu

The American index reached all time high during yesterday’s trading session. This is the 7th time the index has reached all time highs this month alone. The dollar index stayed steady along with the 10-year Treasury yields. Goldman Sachs Group Inc. strategists yesterday said “Emerging market assets have been beaten up lately, but many of their fundamentals are still in good shape, and their local bonds are a buy. Yet aside from countries such as Argentina and Turkey that have had particular economic challenges, as a group, developing nations look "sound,". The rand is the “preferred candidate” among higher-yielding currencies.” Saudi Arabia and Argentina are said to be added to the MSCI Emerging Markets Index, give the index a $600 Billion boost.

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