Mixed Global Bag

May 08, 2018 2:01 AM ETEPI, TUR, INDA, INDY, EWC, EWS, EWP, EWI, INDL, EIDO, IDX, PIN, EZA, INXX, IIF, INP, EWQ, IF, TKF, SGF, QCAN, NFTY, HEWP, FCAN, HEWI, DBSP, HEWC, FLFR, FLCA, DBIT, FLIY3 Comments
Bespoke Investment Group profile picture
Bespoke Investment Group
46.18K Followers

The image below is from our Trend Analyzer tool and shows a custom portfolio we created that tracks where the ETFs of the 20 largest global economies currently stand relative to their trading ranges. Keep in mind that the returns for each ETF are in US dollars and therefore account for any strength/weakness in the dollar. As shown on the right side of the snapshot, global stock markets are somewhat of a mixed bag as we enter the first full week of May. Currently, five countries are overbought (Italy, Canada, France, Singapore, and Spain), ten are neutral, and five are oversold (South Africa, Brazil, Mexico, Turkey, and Indonesia). All five overbought ETFs are from developed markets, while the five oversold ETFs are all from emerging markets, so that is one trend worth highlighting. Also worth pointing out is that of the five oversold ETFs, four have "Good" Bespoke Timing Scores, while Brazil even ranks as "Perfect."

In terms of performance metrics, the majority of ETFs listed below are down YTD with an overall average decline of 1.4%. Leading the way to the downside are Turkey, Indonesia, South Africa, and India (again, all emerging economies), while Italy and Singapore are the only ETFs up over 5% YTD. With the S&P 500 entering the week down 0.3% YTD, it's right in the middle of the pack versus the rest of the world and just below its 50-day moving average.

This article was written by

Bespoke Investment Group profile picture
46.18K Followers
Bespoke Investment Group provides some of the most original content and intuitive thinking on the Street. Founded by Paul Hickey and Justin Walters, formerly of Birinyi Associates and creators of the acclaimed TickerSense blog, Bespoke offers multiple products that allow anyone, from institutions to the most modest investor, to gain the data and knowledge necessary to make intelligent and profitable investment decisions. Along with running their Think B.I.G. finance blog, Bespoke provides timely investment ideas through its Bespoke Premium (http://bespokepremium.com/) subscription service and also manages money (http://bespokepremium.com/mm) for high net worth individuals. Visit: Bespoke Investment Group (http://bespokeinvest.com/)

Recommended For You

Comments (3)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.