While the US has had a nice bounce off of its correction lows, the rest of the world has been doing better lately. Below is a list of the major equity indices for 21 countries. As shown, the US ranks fifth from last in terms of distance from 50-day moving average. As the S&P 500 has been struggling to close above its 50-day, most other countries are now well above this widely followed indicator. Spain, Sweden, Brazil, Russia, India, and Singapore are trading the farthest above their 50-days, while Japan is the farthest below at more than -5%. We'll be posting charts for each of these indices shortly.
