{"id":627287,"date":"2018-07-29T04:12:33","date_gmt":"2018-07-29T04:12:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/goldman-sachs-is-calling-it-its-the-end-of-the-em-zombie-apocalypse\/"},"modified":"2018-07-29T04:12:33","modified_gmt":"2018-07-29T04:12:33","slug":"goldman-sachs-is-calling-it-its-the-end-of-the-em-zombie-apocalypse","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/goldman-sachs-is-calling-it-its-the-end-of-the-em-zombie-apocalypse\/","title":{"rendered":"Goldman Sachs is calling it \u2014 it\u2019s the end of the EM Zombie Apocalypse"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Goldman Sachs is calling it \u2014 is it really the end of the EM Zombie Apocalypse? <\/strong>The plunge that emerging market assets witnessed this year could have bottomed out in June, with the rally witnessed in July looking likely to be a sustained rebound, according to an analysis by Goldman Sachs <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-26\/goldman-sachs-says-june-likely-marks-trough-for-emerging-markets\">picked up by Bloomberg<\/a><\/u>.<\/p>\n<p><strong>The recent retreat isn\u2019t out of the ordinary and don\u2019t stand out as being unusual when considered against history<\/strong>, Goldman analysts Caesar Maasry and Ron Gray wrote in the report. \u201cEM assets tend to be volatile and these sorts of corrections happen every year,\u201d they said. \u201cThe moves this year are well in line with the historical playbook.\u201d<\/p>\n<p><strong>Whether it\u2019s the right time to plunge back into emerging markets varies by asset class, they concluded.<\/strong> \u201cThe strategy of calling a bottom on a stabilization of prices alone is unlikely to be a winning strategy, especially since the risk of mis-calling the bottom and facing the sharp drawdown that typically comes in the last month can be extremely painful,\u201d the report said.<\/p>\n<p><strong>The MSCI Emerging Markets Index rose 2.1%<\/strong> \u2014 the biggest weekly rally since the five-day period that ended in May. <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-27\/china-stimulus-u-s-eu-agreement-lure-em-bulls-back-em-review\">Analysts at Bloomberg<\/a><\/u> put this rally to Chinese stimulus measures and an agreement between the US and EU to suspend new tariffs lifted risk appetite.<\/p>\n<p><strong>Goldman urges you to avoid Turkey like the plague: <\/strong>One EM the investment bank is recommending to avoid like a weeklong Sahel break with the in-laws is Turkey. \u201cOne has to be nervous about Turkey,\u201d Goldman Sach\u2019s emerging markets chief Sam Finkelstein <u><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-27\/turkey-doing-everything-wrong-has-zero-appeal-at-goldman-sachs\">tells Bloomberg TV<\/a><\/u>. \u201cThey are doing everything wrong.\u201d We could have told you that.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Goldman Sachs is calling it \u2014 is it really the end of the EM Zombie Apocalypse? The plunge that emerging market assets witnessed this year could have bottomed out in June, with the rally witnessed in July looking likely to be a sustained rebound, according to an analysis by Goldman Sachs picked up by Bloomberg. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":627288,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"def78c7b-a4cf-4c99-8e8b-04ef5483d7b6","order":"0","is_powered_by":true,"section_story_id":"7bae6415-448e-4ba2-8564-0286dca2b29e","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/7\/81.jpg","photo_position":"above","related_issue":[627284],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Goldman Sachs is calling it \u2014 it\u2019s the end of the EM Zombie Apocalypse - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/29\/goldman-sachs-is-calling-it-its-the-end-of-the-em-zombie-apocalypse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goldman Sachs is calling it \u2014 it\u2019s the end of the EM Zombie Apocalypse\" \/>\n<meta property=\"og:description\" content=\"Goldman Sachs is calling it \u2014 is it really the end of the EM Zombie Apocalypse? The plunge that emerging market assets witnessed this year could have bottomed out in June, with the rally witnessed in July looking likely to be a sustained rebound, according to an analysis by Goldman Sachs picked up by Bloomberg. 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That\u2019s the suggestion from Bloomberg, which speculates that incoming CEO Nick Read will be looking for ways to cope with \u201ca weak share price [and] a fragile dividend\u201d as it faces a potential \u201cshake-up by US activist investor Elliott Management Corp,\u201d\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635792,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/em-to-outperform-developed-economies-in-2018-goldman-sachs-says-in-its-2018-investment-outlook\/","url_meta":{"origin":627287,"position":1},"title":"EM to outperform developed economies in 2018, Goldman Sachs says in its 2018 investment outlook","author":"enterpriseam admin","date":"13 December 2017","format":false,"excerpt":"Goldman Sachs Asset Management (GSAM) expects emerging markets will outperform developed economies, supporting EM assets in its 2018 Investment Outlook.GSAM has a laundry list of advice for investors heading into 2018, saying they will need to invest for continued global growth, manage the risks of elevated valuations, diversify income sources\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/12\/830.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604781,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/12\/goldman-sachs-update-on-its-2019-outlook\/","url_meta":{"origin":627287,"position":2},"title":"Goldman Sachs update on its 2019 Outlook","author":"enterpriseam admin","date":"12 December 2018","format":false,"excerpt":"Goldman Sachs prefers EMs to DMs in 2019 Outlook: Goldman Sachs is heading into 2019 with a preference for emerging market equities,according to its 2019 Investment Outlook (pdf). Goldman\u2019s outlook recognized that the underperformance of EM assets in 2018 was due to \u201clower-than-expected growth in EM markets.\u201d GS sees the\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/12\/237.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":629088,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/22\/what-were-tracking-on-22-may-2018\/","url_meta":{"origin":627287,"position":3},"title":"What we\u2019re tracking on 22 May 2018","author":"enterpriseam admin","date":"22 May 2018","format":false,"excerpt":"We\u2019re deep in the arms of the Ramadan news lull with less than a week of the Holy Month now past. Stil, what news we have is meaty, and we have plenty of other reading to keep your pre- and post-fast hours filled.The investment and oil ministries are reportedly signing\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597839,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/emerging-markets-where-will-they-go-from-here\/","url_meta":{"origin":627287,"position":4},"title":"Emerging Markets: Where will they go from here?","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"Emerging markets: Where will they go from here? After all the gloom of last year\u2019s emerging market zombie apocalypse, this Goldman Sachs podcast offers a rosier outlook for the months ahead (listen, runtime: 18:35). The challenges of 2018 came on the back of four main issues, GS says: Tightening global\u2026","rel":"","context":"In &quot;WORTH A LISTEN&quot;","block_context":{"text":"WORTH A LISTEN","link":"https:\/\/enterpriseam.com\/egypt\/category\/worth-a-listen\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/5\/606.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625058,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/talk-of-an-emerging-markets-resurrection-is-coming-down-from-top-investment-banks\/","url_meta":{"origin":627287,"position":5},"title":"Talk of an emerging markets resurrection is coming down from top investment banks","author":"enterpriseam admin","date":"26 September 2018","format":false,"excerpt":"**#1 Sell-side sentiment on emerging markets could be turning a corner after a very rough seven months for EM investors, issuers and policymakers. This could be very good news for Egyptian companies looking to take IPOs to market this fall. Goldman Sachs sees the EM Zombie Apocalypse easing as a\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/9\/1525.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=627287"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627287\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/627284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/627288"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627287"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627287"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}