It was a very mixed month for world equity markets, with net monthly changes ranging from +5.3% (Russia), +3.1% (Hong Kong), +2.2% (Japan), +1.9% (USA), +1.7% (Germany), +0.05% (India), -0.2% (China), -1.1% (Australia), -1.5% (South Africa), to -3.3% (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
Six world equity markets were net higher for March, with four net lower.
Russia was the strongest market, whilst Brazil was the weakest.
Eight world equity markets are trading above their respective monthly 10MA, the two exceptions being Brazil and Russia.
Eight world equity markets have negative monthly price momentum, the two exceptions being Germany and Hong Kong.
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Looking ahead
It will be a short four day trading week, with Friday CLOSED for 'Good Friday'.
Earnings:
M -
T - AYI, NG
W - CAG, SDRL
T - STZ, LW, LEVI, WDFC
F - *CLOSED*
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Econ-data:
M - ISM Manu', construction
T - Factory orders, JOLTS
W - ADP jobs, ISM serv', Intl' trade, EIA Pet'
T - Weekly jobs
F - *CLOSED*, Monthly jobs, consumer credit (3pm)
*As Friday will be CLOSED, I'd expect Thurs', April 6th to be pretty subdued on very light vol', as many quietly walk away for Easter.
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Final note
Certainly, it was a mixed month for world equity markets. As a collective, they are still something of a m/t bearish mess.
The US market ended the month with a rather extreme case of window dressing. I have to wonder how many more traders will have been stupid enough to jump aboard the 'Everything is gonna be fine' train.
I would hope most of you can see through the mainstream lies and delusions, and what continues to unfold. Whether you choose to believe this latest collapse wave has been planned and enacted by shadowy types in the mountains, or whether its just an 'unfortunate situation', doesn't really matter. What does matter is that you at least recognise what is ahead.
Whilst March and Q1 saw net gains, I have to expect April and Q2, to be net lower to a significant amount.
You can choose to get in the elevator to hell, or you could have chosen not to have ventured into the skyscraper of hysteria in the first place.
Yours truly shall continue to be a spectator to 'the big show', and the only issue is whether I've enough popcorn to last into the autumn.
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Have a good weekend... if you deserve it.
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*the next post on this page will likely appear 5pm EST on Monday.
