Global Stock Market Review

Yesterday was a good day as the stocks rebounded. All the US stock markets were up with S&P 500 up +2.02%, Dow Jones up +1.34% and NASDAQ having the biggest jump up +2.76%. I wanted to review the global stock markets to see if there are any outliers that have performed better than other markets.

Here is a table of Countries/Regions I track:

So, it is clear that 2022 has been a bad year so far for stock markets everywhere. Except Brazil when looked at from a year-to-date performance. Brazil is up +18.13% in 2022 although over the last 1 month it has been the biggest loser.

Other than Brazil, all others have had a bad 2022 so far. Over the last 1 month there are 9 countries/regions (out of 17 I track) that have performed better than the US market as measured using the S&P 500. Hongkong and Germany have seen the least declines.

It is not surprising that all the markets are trending bearish as of now. It will be interesting to see which ones are the leaders that pull the markets back up. Note that these are all tradable instruments and many of them have options trading as well. Although the volumes may be low. Some like Emerging Markets, China and India also have leveraged tradable instruments.

In the current situation that we are globally, all the countries and regions are almost equally and similarly impacted. However, there are other times when there are outliers performing significantly better than others. These are all weighted instruments so there is no risk of individual company failing impacting investments significantly. Yes, there is risk of individual country failing but then the overall trends will signal that for me well in advance of a cataclysmic downturn.