It was a mixed month for world equity markets, with net monthly changes ranging from -14.0% (Argentina), -6.1% (Japan), -5.5% (India), -4.4% (Australia), -2.4% (Brazil), -1.6% (USA), -0.1% (South Africa), +2.2% (China), +3.8% (Germany), to +8.4% (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
*stockcharts is lacking the data for Feb'28th.
The February settlement was 2277.62, a net monthly decline of -0.33pts (0.1%)
Argentina - MerVal
Australia – AORD
–
Summary
Seven world equity markets were net lower for February, with three net higher.
Argentina was severely lower, whilst the Russian market was very powerfully higher.
The German, South African, and Australian markets broke new historic highs.
The USA, German, Russian, South Africa, and Australian markets are trading above their respective monthly 10MA, and are to be seen as m/t bullish.
The USA, German, South African, and Australian markets have positive monthly momentum.
-
Looking ahead
Earnings:
M - $NOVA $HUT $PLUG $TGTX $SPHR $AVDL $BLFS $BUR $RC $SGRY $SMR $OKTA $ASTS $GTLB $ADMA $GCT $SENS $MRC $TDUP $QSI
T - $TGT $BBY $SE $AZO $PFSE $EVGO $ESPR $GENI $ONON $NYAX $CRWD $CRDO $STEM $JWN $ORN $BOX $ROST $KIDS $CHPT $NPCE
W - $ANF $FL OPFI $THO $SSYS $RSKD $EDITR $BF.b $REVG $MRVL $RGTI $ZS $MDB $VEEV $VSCO $TREE $KGS $LB $FSM
T - $JD $CBRL $KR $BJ $DCTH $BTSG $NINE $BKSK $HIPO $M $AVGO $COST $GAP $HPE $BBAI $SERV $IOT $COO $CTSO $VEL
F - $GCO $AQN $WHF $YPF $INTT $ADV $ONCY
-
Econ-data/events:
M - PMI & ISM manu', construction, vehicle sales
T - -
W - ADP jobs, factory orders, PMI & ISM serv', EIA Pet', Fed Beige book (2pm)
T - Weekly jobs, Productivity, intl' trade, wholesale invet'
F - Monthly jobs, consumer credit (3pm)
--
Final note
February was certainly mixed, if mostly leaning toward the bears. Even in the South African and Australian markets that were net lower, that was after breaking a new historic high.
If you read around... as I'm sure you do, you'll be aware of the usual suspects who are crash calling. For now, there is no reason to believe that. Yes, valuations in some things are crazy, but that is often the case.
There is also the issue of 'Ohh, so you'd prefer a govt' bond instead?'. Seriously, do you want to sell Nvidia, Tesla, or Apple, and buy a 10yr bond instead?
We can expect some sporadic geo-political and economic scares this year, but I also expect new index highs - at least for the US market. That doesn't mean I'm not regularly topping up my popcorn reserves though, as the big show continues.
For more of the same... subscribe to my intraday service.
For
details, and the latest offers: https://www.tradingsunset.com
Have a good weekend
--
*the next post on this page will likely appear 4.20pm EST on Monday.
