The Entire World Breaks Out

Today’s Dow 20,000 headlines are exciting stuff, but lest you think what’s happening is merely a US phenomenon, let me remind you: The entire world is now breaking out, in concert.

Here’s the MSCI All Country World Index Ex-US ETF, which holds everything else other than US stocks, on a one-year:

msci-exus

Note that we’re still more than 10% below the all-time highs if you go back further.

Below is the constitution of this index (top 10):

screen-shot-2017-01-25-at-11-44-59-am

Or another way of looking at the index:

screen-shot-2017-01-25-at-11-45-26-am

My point being, there is something bigger going on here. It may continue.

Read also:

This is my Dow 20,000 post (TRB)

 

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  1. More of the Same - RCM Alternatives commented on Feb 01

    […] If you were hoping for some different market moves in 2017, better luck next month. It was more of the same in January, with the DJIA finally limping over the 20,000 mark and world stocks posting a +3.78% return (here’s the countries that make up “world stocks.” […]

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