Here's a weekend snapshot of major world indexes. The table at right shows the performance over the past week.
The S&P 500 and DAX both closed the week at new interim highs. The S&P 500 was the top performer with a gain just shy of 3%. In fact, all the indexes we track were up impressively with one exception: The Shanghai Composite remains in correction territory, down 10.08% from its recent high on November 8th.
The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: The S&P 500 hit a low on March 9th, the Nikkei 225 on March 10th, the DAX on March 6th, the FTSE on March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng 4.4 months earlier on October 27, 2008. However, by aligning on the same day, we get a better sense of the present-day synchronous behavior of the markets than if we align the lows.
A Longer Look Back
Here's a similar chart starting from the turn of 21st century — this time with the addition of the Bombay SENSEX. This index has been a dramatic outperformer, although its now taking a breather — down 7.12% from its high on November 5th.
Disclosure: No positions