The shortened trading week brought nice gains for most global stock market indices. U.S. major benchmarks closed sharply higher during 3.5 trading days. Dow Jones was up 9.73%, Nasdaq Composite 10.92% and S&P 500 12.03%. There have not been any fundamental improvements, but the markets were just deeply oversold and bargain hunters started to add new positions.
Recently, I published an ETF performance map on a year to date basis. Numbers were hovering around -50% for European ETFs and -60% for Asian ETFs, except Japan. I think it will be interesting to see which markets benefit from last week's rally the most.
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