Struggling Emerging Markets

Emerging markets have had a tough start to the new year, and the MSCI Emerging Markets Index is currently down 6 days in a row for a loss of 5.04%.  We went back to 1988 (the furthest price history we have) to see how the Index has reacted in the days following down streaks like the one we're currently seeing.  A six-day losing streak has occurred 39 times since 1988, and the Index has reversed and gone up on the 7th day 14 times (36%).  The average percent change on the 7th day is -0.24%, while the average one-week and one-month change following a six-day losing streak is -0.001% and -0.01% respectively.  The current data suggests the Index will not see a positive bounce in the near future.