It was a very mixed month for world equity markets, with net monthly changes ranging from +24.7% (Argentina), +3.0% (Germany), +2.3% (USA), +0.5% (Australia), +0.2% (Japan), -0.3% (South Africa), -0.6% (China), -0.7% (India), -2.9% (Brazil), to -4.4% (Russia).
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
Five world equity markets were net higher for May, with five net lower.
Argentina was monstrously higher, whilst Russia was powerfully lower.
The USA, German, Indian, Argentinian, and Australian markets broke new hist' highs.
Nine world equity markets are trading above their respective monthly 10MA, the one exception being Brazil.
Eight world equity markets have positive monthly momentum, the two exceptions being China and South Africa.
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Looking ahead
Earnings:
M - $SAIC $GTLB $HQY $BARK $LVRO
T - $BBWI $FERG $DCI $CNM $DBI $CRWD $HPE $PVH $SFIX $GWRE $SPWH $VRNT $LAKE
W - $DLTR $OLLI $UNFI $LE $CPB $THO $LULU $CHPT $VSCO $FIVE $GEF $SMTC $CXM $BASE $SMAR $RNW
T - $NIO $CIEN $BIG $TTC $SJM $ABM $SCWX $DOCU $IOT $RENT $BRZE $MTN $ZUMZ $NGL $TLYS $AVO $PL
F - $GHM JILL
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Econ-data/events:
M - PMI/ISM manu', construction, vehicle sales
T - Factory orders, JOLTS
W - ADP jobs, PMI/ISM serv', productivity, intl' trade, EIA Pet'
T - Weekly jobs
F - Monthly jobs, consumer credit (3pm)
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Final note
It was certainly a mixed month for world equity markets, but as a collective, equities remain m/t bullish. Five new index historic highs also counts for something, right?
This past week's Trump-related event is testament to the dark path that the society/species has long since chosen. It should be clear, things will only become ever more wild, bizarre, and scary, from here.
As I've said for some considerable time, perhaps the only issue is whether you have enough popcorn for the 'Big show'.
For more of the same > https://www.tradingsunset.com
Have a good weekend
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*the next post on this page will likely appear 4.20pm EDT on
Monday.
