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Data: About 94% of Global Stock Markets Maintain 200-Day Moving Average, Equity Investment Heats Up
Summary: According to The Kobeissi Letter analysis, about 94% of markets covered by the MSCI All Country World Index (ACWI) are currently trading above their 200-day moving average, nearing a five-year high. Meanwhile, around 87% of ACWI country markets are above their 50-day moving average, the highest level since July this year. The ACWI index includes ...
According to The Kobeissi Letter analysis, about 94% of markets covered by the MSCI All Country World Index (ACWI) are currently trading above their 200-day moving average, nearing a five-year high. Meanwhile, around 87% of ACWI country markets are above their 50-day moving average, the highest level since July this year. The ACWI index includes 23 developed markets and 24 emerging markets, representing approximately 85% of investable stocks globally. The index has gained +21.6% year-to-date, on track for a third consecutive annual increase. Additionally, the MSCI All Country World Index (excluding the US) has outperformed the S&P 500 Index by 12 percentage points, the largest gap since 2009. Global stock markets are experiencing a fervent investment frenzy.
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Link: Data: About 94% of Global Stock Markets Maintain 200-Day Moving Average, Equity Investment Heats Up [Copy]
