It was a bullish month for most world equity markets, with net monthly changes ranging from +19.6% (Argentina), +4.6% (Germany), +3.1% (Japan), +2.4% (Australia), +2.1% (USA), +1.9% (South Africa), +1.6% (India), +0.9% (China), -0.1% (Russia), to -0.6% (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
Argentina - MerVal
Australia – AORD
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Summary
Eight world equity markets were net higher for March, with two net lower.
Argentina lead the way up, whilst neighbouring Brazil struggled.
The USA, German, Japanese, Indian, and Australian markets broke new historic highs.
Eight world equity markets have positive monthly momentum, are trading above their respective monthly 10MA, the two exceptions being China and South Africa.
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Looking ahead
Earnings:
M - PVH
T - PAYX, PLAY, CALM
W - AYI, BB, LEVI
T - LW, CAG, SMPL, ANGO, LNN, RPM, KRUS
F - GBX
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Econ-data/events:
M - PMI/ISM manu', construction
T - Factory orders, JOLTS, vehicle sales
W - ADP jobs, PMI/ISM serv'
T - Weekly jobs, intl' trade
F - Monthly jobs, Consumer credit (3pm)
*UK/European clocks will jump ahead one hour, early Sunday, March 31st.
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Final note
It was a net bullish month for the collective of global equity markets, as the mainstream cheerleaders and associated 'smart guys', continue to tout the #everythingisfine narrative.
You can argue the econ-data and earnings are coming in 'okay', but I'd be more focused on the societal trends than economic.
Gold is telling you something. It didn't just print a new historic high of $2246 for no reason. You're aware of the dozens of geo-political tinderboxes across planet Krazy, right?
Whilst yours truly sees major trading/investment opportunities in the months ahead, if one or more of the 'wild cards' plays out, the green/red flashing boxes on our screens, might become the least of our concerns.
I should probably order more popcorn... or rather chocolate (before hyper-spiking Cocoa prices feed through into end product prices!). Enjoy the show.
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Spring/Easter offers: https://www.tradingsunset.com
Have a good Easter
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*the next post on this page will likely appear 4.20pm EDT on Monday, April 1st.
