There is little question that the biggest story to come out of the first quarter has been the dramatic surge in U.S. equity prices. Investors, frustrated by the continued low-interest rate environment, have flooded the markets with capital and sent indexes soaring to a string of historic heights. Lost in this excitement has been the troubling decline in emerging markets, especially in the so-called BRIC countries: Brazil, Russia, India and China.
There is little question that the biggest story to come out of the first quarter has been the dramatic surge in U.S. equity prices. Investors, frustrated by the continued low-interest rate environment, have flooded the markets with capital and sent indexes soaring to a string of historic heights. Lost in this excitement has been the troubling decline in emerging markets, especially in the so-called BRIC countries: Brazil, Russia, India and China.
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