It was a bullish month for most world equity markets, with net monthly changes ranging from +5.4% (USA), +5.2% (Germany), +3.6% (South Africa), +3.5% (Japan), +2.8% (Brazil), +2.5% (Australia), +2.1% (India, China), -0.3% (Hong Kong), to -3.0% (Russia).
For the year, net changes ranged from +22.0% (India), +18.7% (USA), +15.8% (Germany), +15.0% (Russia), +13.6% (Australia), +12.5% (South Africa), +4.9% (Japan), +4.8% (China), -11.9% (Brazil), to -14.1% (Hong Kong).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - RTSI
India – SENSEX
China – Shanghai comp'
South Africa – Dow
Hong Kong – Hang Seng
Australia – AORD
–
Summary
For December, eight world equity markets were net higher. The USA and Germany lead the way higher, whilst Hong Kong and Russia lagged. The US market broke a new historic high. The Brazilian, Russian, and Hong Kong markets are under their respective monthly 10MA.
For the year, eight world equity markets were net higher, the exceptions being Brazil and Hong Kong. The USA, German, Brazilian, Indian, and Australian markets broke new historic highs this year.
-
Looking ahead
Earnings:
M -
T -
W -
T - BBBY, WBA, STZ, CAG
F - AYI, GBX
-
Econ-data:
M - PMI manu', construction
T - ISM manu', JOLTS
W - ADP jobs, PMI serv', EIA Pet' report, FOMC mins (2pm)
T - Weekly jobs, intl' trade, ISM serv', factory orders
F - Monthly jobs, consumer credit
--
 |
| Another journey begins |
Final note
First, I bid you welcome to 2022. Congratulations on making it this far, as not everyone did.
On any basis, it was a bullish end to a bullish year. Partly it was due to the central banks still flooding the system with more liquidity. Whilst there has been a distinct economic recovery, it has largely benefited the societal/financial/political elite. For most of the 'working poor'... life is an ongoing horror movie.
There are some truly grand issues ahead of the society/species across the next few years, most of which I can't speak about here, as the tyranny of the triumvirate of censorship continues.
It is my hope that universal justice will play out, but for that... well, either you know... or you don't. I occasionally envy those of you who don't know what is likely coming.
In any case, a new year, and it will offer opportunities. I do expect equity price action to be more dynamic than 2021. For the traders (long and short side), it should be both exciting and profitable.
I should note, the outlook for 2022 will be posted next weekend. As well as my own outlook, it will include the poll results. Don't forget to vote! (polls close Sunday 5pm EST).
Have a good weekend
--
*the next post on this page will likely appear 5pm EST on Monday.
