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US Equities vs International Equities

With less than 1-week before the end of the year as well as the end of the decade we thought that it would be interesting to compare the performances of major US stock market indexes and key international stock markets on a year-to-date basis. The objective is not only to show the yearly returns but also to evaluate the technical credentials of each of these equity markets as it pertains to their technical patterns, technical credentials, and most important technical projections.


Based on our overall analyses we expect US equities to once again lead the global equity markets next year. However, we also believe many of the underperforming US equity markets this year namely, Small-Caps and Mid-caps and possibly even the Micro-caps as well as many of the international equities will surprise investors next year as they begin to catch up to the leaders.


One important note, it is quite bullish the list of major technical breakouts across different equity markets continue to expand. This action hints of strong macro conditions, broad market participations and suggest the market rallies are sustainable into 2020.


Attached are performance charts on US equity markets including NASDAQ Composite, NYSE Composite, SPX, NDX, MID, and SML. Also included are the following international markets: MSCI World Index ex-US, MSCI EAFE, MSCI EM, Nikkei 225, and Shanghai SSE Index, and Eurozone (EZU) ETF.


Wishing you and your family a Healthy and Happy Holiday Season!



Source: Courtesy of StockCharts.com

Source: Courtesy of StockCharts.com

Source: Courtesy of StockCharts.com

Source: Courtesy of StockCharts.com

Source: Courtesy of StockCharts.com



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