Global Stocks Look Good

Global Stocks Look Good

All eight indexes on our world watch list have posted gains for 2017 through December 11. The top performer thus far is Hong Kong’s with a gain of 31.66%, followed by India’s BSE at 25.80%. In third is Tokyo’s with 20.01%.

The Last Four Weeks

The tables below provide a concise overview of performance comparisons over the last four weeks for these eight major indexes. We’ve also included the average for each week so that we can evaluate the performance of a specific index relative to the overall mean and better understand weekly volatility. The colors for each index name help us visualize the comparative performance over time.

Global Stocks

Global Stocks

2017 YTD Performance

Here is an overlay of the eight illustrating their comparative performance thus far in 2017.

World Stocks

World Stocks

Top-Performing Hang Seng

Top-Performing Hang Seng

All eight indexes on our world watch list have posted gains for 2017 through December 11. The top performer thus far is Hong Kong’s Hang Seng with a gain of 31.66%, followed by India’s BSE SENSEX at 25.80%. In third is Tokyo’s Nikkei with 20.01%. Coming in last is London’s FTSE at 3.84%.

A Longer Perspective

The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: The , CAC 40 and BSE SENSEX hit their lows on March 9th, the Nikkei 225 on March 10th, the on March 6, the on March 3, the on November 4, 2008, and the Hang Seng even earlier on October 27, 2008. However, by aligning on the same day and using a log scale vertical axis, we get an excellent visualization of the relative performance. We’ve indexed each of the eight to 800 on the March 9th start date. The call-out in the upper left corner shows the percent change from the start date to the latest weekly close.

Global Stocks Since 2009

Global Stocks Since 2009

Here is the same visualization, this time starting on October 9, 2007, the closing high for the S&P 500, a date that is approximately the mid-point of the range of market peaks, which started on June 1 for the and ended on January 8, 2008 for the SENSEX.

Global Stocks Since 2007

Global Stocks Since 2007

For a longer look at the relative performance, our final chart starts at the turn of the century, again indexing each at 800 for the start date.

Global Stocks Since 2000

Global Stocks Since 2000

Note: We track Germany’s DAXK a price-only index, instead of the more familiar DAX index (which includes dividends), for consistency with the other indexes, which do not include dividends.

All the indexes are calculated in their local currencies.

(Why?)

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