Global Equity Markets: DM Bull Continues, EM Still Struggling

Published 06/21/2015, 11:57 PM
Updated 07/09/2023, 06:31 AM
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Chart Of The Day: DM stocks still in uptrend, EM downtrend struggling...

DM Stocks Still In Uptrend, EM Downtrend Struggling
Here's another chart of the day which focuses on nine of the major stock markets, including the world index, all priced in the US dollars. Developed markets continue to march along in a bull market, however momentum has been lost in the US. Japan has done extremely well as of late, while Germany remains volatile and without new highs.

Emerging markets, on the other hand, continue to struggle. Russia and Brazil are still in recessions and strong bear markets (one could say both are extremely oversold right now too). China is going through a strong corrective period after a powerful rally, while South Korea looks to be on a cusp of breaking down, after giving back all of the recent gains.

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