While emerging markets have been through a very tough time — down 40% peak-to-trough — the upshot is that EM stocks are “outstandingly cheap,” according to Morgan Stanley’s chief Asia and emerging market equity strategist, Jonathan Garner. Speaking with CNBC’s “Squawk Box Asia,” Garner noted that “we’re at very distressed valuations, very oversold” in the [...] The post Emerging Markets Stocks Are “Outstandingly Cheap” and Expected to Rally appeared first on ETF Trends .