It was a bullish month for most world equity markets, with net monthly changes ranging from +8.4% (Argentina), +6.7% (Germany), +5.3% (Japan), +3.9% (USA), 3.8% (Australia), +2.7% (South Africa), +2.1% (China), +1.6% (Brazil), +1.5% (India), to -3.2% (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
Summary
Nine world equity markets were net higher for May, with one net lower.
Argentina and Germany lead the way up, whilst Russia was powerfully lower.
The German, Brazilian, and South African markets broke a new historic high.
Seven markets are trading above their respective monthly 10MA, the three exceptions being USA, Japan, and Russia
Germany, Brazil, China, South Africa, and Argentina have positive monthly momentum.
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Looking ahead
Earnings:
M - $CPB $SAIC $CRDO $ABVX
T - $DG $NIO $SIG $OLLI $FERG $DCI $NESR $CRWD $HPE $GWRE $ASAN $BASE $MAMA $SPWH $YEXT $HQY
W - $DLTR $CXM $REVG $TTGT $VBNK $THO $WBS $GCO $MDB $PVH $FIVE $PL $CHPT $VRNT $BARK $GEF $DSGX $TLYS
T - $CIEN $CBRL $LE $BF.B $TTC $MOMO $VSCO $WDH $FUFU $DLTH $AVGO $DOCU $LULU $RBRK $IOT $TTAN $CURV $WOOF $ZUMZ $BRZE
F - $GIII $ABM $FCEL
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Econ-data/events:
M - PMI and ISM manu', construction, vehicle sales
T - Factory orders, JOLTS
W - ADP jobs, PMI and ISM serv', Fed beige book (2pm)
T - Weekly jobs, intl' trade, productivity
F - Monthly jobs, consumer credit (3pm)
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| The sun sets on May |
Final note
Most notable this May were the three historic highs. Is Germany climbing on hopes of WWIII with Russia, as the German regime is clearly aiming for? It can always be argued, what are investors supposed to do, buy German bunds instead? On any basis... no.
For now, the collective of world equities are mid term bullish. Bears will have a far better of another major rollover from around mid August onward, and especially on the flip side of Labor day.
Bullish burgers, fries, and high caffeine/sugar carbonated soda this summer 2025.
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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 4.20pm EDT on Monday.
