Tuesday, February 6, 2018 9:30 AM EDT
This Great Graphic was composed on Bloomberg. It shows four stock indices' performance since the start of the year. It is indexed so that each index started the year at 100.
The yellow line is the Dow Jones Stoxx 600, a benchmark of European shares. It peaked a few days before the other markets and has fallen the furthest.
The fuchsia line is the MSCI Emerging Market equity index. It peaked the same day as the S&P 500 (white line), but has held up the best and is still up 1.2% year-to-date. The green line is the MSCI Asia Pacific Index. Today's 3.4% decline puts it about 0.3% lower year-to-date.
Of course, the chart is incomplete, insofar as today's action is not complete. The S&P has been choppy, and is currently about 0.4% lower. Latin American markets may take a toll on the MSCI EM equity index. European markets are off their lows, but are also struggling to maintain any meaning upside momentum. US leadership may be awaited.
Read more by Marc on his site Marc to Market.
Disclaimer: Opinions expressed are solely of the author’s, based on current ...
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Read more by Marc on his site Marc to Market.
Disclaimer: Opinions expressed are solely of the author’s, based on current market conditions, and are subject to change without notice. These opinions are not intended to predict or guarantee the future performance of any currencies or markets. This material is for informational purposes only and should not be construed as research or as investment, legal or tax advice, nor should it be considered information sufficient upon which to base an investment decision. Further, this communication should not be deemed as a recommendation to invest or not to invest in any country or to undertake any specific position or transaction in any currency.
There are risks associated with foreign currency investing, including but not limited to the use of leverage, which may accelerate the velocity of potential losses. Foreign currencies are subject to rapid price fluctuations due to adverse political, social and economic developments. These risks are greater for currencies in emerging markets than for those in more developed countries. Foreign currency transactions may not be suitable for all investors, depending on their financial sophistication and investment objectives. You should seek the services of an appropriate professional in connection with such matters.
The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete in its accuracy and cannot be guaranteed.
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