Week 18 Global Markets Trending and Performance
While 90% of my equity trades are in US based markets, I do track the global markets closely for opportunities. Clearly, I have not been tracking as closely as I would like. I notice the last review was April 20 which is more than 2 weeks back.
A picture is worth a thousand words. So, here is the picture:
Trending Heat Map
It is surprising how much better this picture looks than the US markets. I have traded only FXI this year so far. But I can see that I could have traded more, especially the European markets.
Performance
The best 3 performers are EFA (Eu Aus Far East), EWG (Germany) and EWW (Mexico) with the most surprising being Germany given the perceived effects of the war.
India is supposed to generate the best growth in the near-term and looking at the performance, it could just be breaking out. I will likely nibble in some way at it.