It was a bullish month for most world equity markets, with net monthly changes ranging from +10.4% (Hong Kong), +8.6% (Germany), +6.4% (South Africa, Australia), +5.4% (China), +4.7% (Japan), +3.4% (Brazil), +3.2% (Russia), +2.8% (USA), to -2.1% (India).
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 settled net higher for January.
Hong Kong and Germany lead the way up, whilst India was net lower.
The USA, Germany, Brazil, India, China, South Africa, Hong Kong, and Australia settled above their respective monthly 10MA.
All ten world equity markets still had negative monthly momentum, although some turned net positive as of Feb1'st.
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Looking ahead
Earnings:
M - ON, TSN, CMI, ENR, PINS, ATVI, TTWO, SWKS, ZI, SAVE, CHGG
T - RCL, BP, HTZ, AGCO, CNC, J, DD, ENPH, CMG, FTNT, LUMN, ILMN
W - UBER, CVS, WEN, D, YUM, UAA, CPRI, DIS, AFRM, APPS, HOOD, MGM, NLY, GT
T - PEP, ABBV, CGC, PM, HLT, K, DUK, TM, CCJ, VERU, PYPL, NET, LYFT, EXPE, ACB, AYX
F - ENB, GPN, NWL, HMC,
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Econ-data:
M - -
T - Intl' trade, consumer credit (3pm)
*State of the Union, 9pm EST
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W - Wholesale invent', EIA Pet'
T - Weekly jobs
F - Consumer sent', US T-budget
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Final note
January was a net bullish month for the collective of world equities, with February already seeing the US market break a new multi-month high.
An increasing number are not surprisingly appearing, touting the end of the bear market. We're also seeing the mainstream cheerleaders and associated 'smart guys' predicting a second half economic recovery. The irony is that is when we could expect the macro situation to be increasingly difficult.
As is almost always the case, anything the Fed, the cheerleaders, or the 'smart guys' say, is to be derided for what it is... worthless propaganda-garbage.
I'll merely add... good luck to those chasing at these levels.
For details >>> https://www.tradingsunset.com
Have a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
