July 21, 2018 6:52 pm

All Of The World’s Big Stock Markets Are On A Massive Rally — Except For One Country

The world is staging a rally on “steroids” as Doug Short puts it, in his latest weekly market update.

New highs are being seen all over the place.

But as Short notes, one country is MIA: China. Check out how badly it’s lagging everyone else.

Another interesting phenomenon is that the FTSE 100 — the UK’s stock market — is also going nuts, despite the well known economic challenges facing the country. The UK is getting slammed, but entirely via its currency. The pound is getting pounded. So any outside investors who bought UK stocks would be lagging badly due to currency conversions. But in pound terms, the stock market is doing just fine.

world indexes since 090309

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Chrissy Reese

Chrissy Reese

Writing about this wild, crazy economy and the finance world we live in!
Chrissy Reese

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