The Shifting International Picture 3 comments
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Since July 15th, we've had a rally in U.S. equities, with the S&P 500 Index (SPY) up over 4%. Above we can see the performance of markets in other countries, including Germany (EWG); Hong Kong (EWH); Japan (EWJ); China (FXI); India (EPI); Russia (RSX); Brazil (EWZ); Canada (EWC); and Australia (EWA).
What we can see is that the rally has been most robust in the energy and resource consuming countries. We've actually seen declines since mid July in the energy and resource producing nations, as commodity markets have tumbled.
It's a great illustration of the linkages among global markets, with equity returns dominated by commodity-based inflation themes.
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- atavist.avatar:
- Comments (34)
What is the point, given that next month the bar chart could be much different.2008 Aug 04 01:03 PM | Link | Reply -
- regularguy:
- Comment (1)
What a pointless chart !2008 Aug 04 06:27 PM | Link | Reply -
- cegehle:
- Comments (2)
The point, I think, is to provide investors with information. In this brief article, I found it useful to understand "the linkages among global markets, with equity returns dominated by commodity-based inflation themes."2008 Aug 05 10:32 AM | Link | Reply
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