According to @KobeissiLetter, emerging market stocks have logged 10 consecutive monthly gains, the longest streak in 21 years, surpassing the 8-month run in 2017, and they have not recorded a single negative month this year, the first occurrence since 1993; source: @KobeissiLetter. During this period, the MSCI Emerging Markets Index is up 30.3% year-to-date, its strongest YTD performance since 2017; source: @KobeissiLetter. EM equities are on track for a third consecutive annual gain, the best such streak since 2017; source: @KobeissiLetter. The source describes this as an expanding global bull market, a risk-on backdrop that traders may monitor alongside crypto markets for cross-asset sentiment; source: @KobeissiLetter.