Bank of America says emerging markets are showing signs of capitulation By: MarketWatch November 03, 2023 at 06:43 AM EDT Capitulation signs are, well, emerging in emerging markets, with stocks at their worst level relative to U.S. since 1971. Read More >> Related Stocks: SPDR S&P 500 ETF Trust SPDR S&P Regional Banking ETF iShares MSCI Emerging Index Fund