World Markets Update

Mar. 12, 2019 5:35 AM ETSPY, QQQ, DIA, IWM, VOO, SH, SDS, TZA, TNA, IVV, SSO, TQQQ, SPXU, UPRO, SPXL, VT, RSP, CRF, SQQQ, SPXS, PSQ, VFINX, USA, QID, QLD, UDOW, DOG, DXD, UWM, SDOW, SCHX, ZTR, DDM, TWM, URTY, ACWI, VV, RWM, EPS, SRTY, GLQ, VTWO, QQQE, QQEW, FEX, ILCB, EQL, SPLX, EEH, SPSM, SPUU, DGT, QQXT, SFLA-OLD, IWL, SPDN, SPXE, SPXT, FWDD, GLOF, EDOW, USPX, DIVI, OTPIX, SYE, ESGF, JHML, PPLC, SMLL, UDPIX, FIHD, GSEW, SPXV, ESGL, HUSV, RYARX, SPXN, WBIL, CHGX, DMRL, ESGW, HDMV, YPS, SCAP, DUSA, USMC, XMX, AIIQ, BIBL, DTEC, OMFS, PMOM, RYRSX, VWID1 Comment

Doug Short

6.09K Followers

Summary

All eight indexes on our world watch list posted gains through March 11, 2019.
The top performer is the Shanghai SSE with a 22.78% gain, and in second place is Hong Kong's Hang Seng with a gain of 13.42%.
In third place is France's CAC 40 with a gain of 12.730%, and coming in last is India's BSE Sensex with a gain of 3.24%.

By Jill Mislinski

All eight indexes on our world watch list posted gains through March 11, 2019. The top performer is the Shanghai SSE with a 22.78% gain, and in second place is Hong Kong's Hang Seng with a gain of 13.42%. In third place is France's CAC 40 with a gain of 12.730%. Coming in last is India's BSE Sensex with a gain of 3.24%.

Here are all eight world indexes in 2019 and the associated table sorted by YTD.

A Longer Perspective

The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: the S&P 500, CAC 40, and BSE Sensex hit their lows on March 9th, the Nikkei 225 on March 10th, the DAXK on March 6th, the FTSE on March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng even earlier on October 27, 2008. However, by aligning on the same day and using a log scale vertical axis, we get an excellent visualization of the relative performance. We've indexed each of the eight to 800 on the March 9th start date. The callout in the upper left-hand side corner shows the percent change from the start date to the latest weekly close.

Here is the same visualization, this time starting on October 9, 2007, the closing high for the S&P 500, a date that is approximately the mid-point of the range of market peaks, which started on June 1st for the CAC 40 and ended on January 8, 2008, for the Sensex.

For a longer look at the relative performance, our final chart starts at the turn of the century, again indexing each at 800 for the start date.

Check back next week for a new update.

Note: We track Germany's DAXK a price-only index, instead of the more familiar DAX index (which includes dividends), for consistency with the other indexes, which do not include dividends.

All the indexes are calculated in their local currencies.

Original Post

Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

This article was written by

Doug Short

6.09K Followers

Advisor Perspectives is a leading interactive publisher for Registered Investment Advisors. Our AP Charts & Analysis portion of our website analyzes economic and market trends.

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Comments (1)

Ben Gee

12 Mar. 2019

Comments (44.6K)

Thank you for the report.
It is NOT to late to get into the Chinese market, the Chinese economy will grow by 6, 5 and at least 4% for the next 2-3 decades.

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