Market Musings 251123: Which Stock Market is Leading?
Market Musings 251123: Which Stock Market is Leading?
Summary:
A simple method for identifying stock markets that are trending higherUS Samp;P 500, Euro STOXX 50, Japan Nikkei 225 are major stock markets in uptrendsFTSE 100 and Emerging Markets overall are NOTWithin Emerging Markets, Brazilian BOVESPA and Indian SENSEX stand out as in uptrendsSince March, the BOVESPA and Nikkei 225 indices have the strongest relative momentumSome UCITS ETFs for investing in these indicesGold and bitcoin also in strong uptrends
Podcast this week:
Can we expect a year-end rally in the stock market?
Edmund Shing, Chief Investment Officer, gives his reasons for a stock market rally at the end of this year.
• What do the Samp;P 500, the Euro Stoxx 50 and the Nikkei 225 tell us? • Where are the famous Magnificent Seven heading? • Catalysts for a rebound explained
Which stock markets are trending higher?
In stocks and stock markets, momentum tends to perpetuate - i.e. those stocks and markets that are rising tend to continue to rise. Just look at the US Magnificent 7 for an excellent example of this persistence of...