State Street Says `FOMO' Buoys Case for Emerging-Market Equities

The video discusses the performance of European and U.S. banks, noting that U.S. banks have exceeded expectations despite a challenging trading environment. The speaker then shifts focus to industry group preferences, highlighting textiles and emerging markets, particularly China, as strong investment opportunities. The discussion emphasizes the potential for growth in these areas, driven by market rallies and investor interest.

What is the significance of emerging markets in the current investment landscape?

What does the term 'FOMO' refer to in the context of investment behavior mentioned in the text?