It was a bearish month for most world equity markets, with net December changes ranging from -13.7% (Russia), -6.7% (Japan), -4.2% (USA), -3.6% (India, South Africa), -3.4% (Australia), -3.3% (Germany), -2.4% (Brazil), -2.0% (China), to +6.4% (Hong Kong).
It was a bearish year for most world equity markets, with net 2022 changes ranging from -39.2% (Russia), -15.4% (Hong Kong), -15.1% (China), -12.3% (Germany), -9.4% (Japan), -8.8% (USA), -7.2% (Australia), -1.3% (South Africa), +4.4% (India), to +4.7% (Brazil).
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
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Summary
Nine world equity markets saw net December declines. The Russian market lead the way lower, whilst Hong Kong was very powerfully higher.
The USA, German, Indian, South African, and Hong Kong markets settled above their respective monthly 10MA. All ten equity markets have negative monthly momentum.
The Indian market broke a new historic high in December.
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Eight world equity markets were net lower for 2022. The Russian market lead the way lower, whilst India and Brazil were net higher.
The USA, Indian, South African, and Australian markets broke new historic highs in 2022.
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Final note
The collective of world equity markets ended a bearish year on an appropriately bearish note. We did see some new historic highs, but most of those came in January.
Other than the Russian market, world equities are merely stair stepping lower. There has been no panic nor capitulation, 2023 should offer that, not least if we see a few of the 'wild cards' play out.
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Have a good 2023
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*the next post on this page will likely appear 5pm EST on Tuesday, January 3rd 2023.
