World Indices Roundup 2019

Here's some cryptic for you.....

The song, not the band nor the album title!

 

XJO is currently down 4.28% from the top of 6893.7 posted on Friday 29th Nov
6598 at the time of this comment

 

Way to Cryptic for me. I got no idea what your talking about.

 

You asked me where to from here (XJO).
The band: Status Quo from here = No
Album Title: On The Level = No
Song: Down Down . =Yes from me.

 

Ok. Now I see.
Problem was I never heard of that song. For me to understand you would have had to use a song from the wiggles. That’s more on my level of understanding.

 

Prices are down.

 

This song is very popular in the Elliot Wave community:

 

This is betterer than all the gumphing about with Elliot.

 

Next year will be different

 

Read that this morning. Not surprised, kind of expecting it for awhile now.
Cant keep going up forever!

 

Thank you @Nodrog . Good read.

 

I see next year as an opportune time to get in budgie.
Powder is dry as a witches.

 

Quote..
Summarising all of the above, it would seem the best advice for investors ahead of 2020 is to enjoy the good, but to prepare for the bad and the ugly because it looks very unlikely that next year will be an extension of this year.

Nothing to worry about you always get these bearish forecasts when markets become oversold..

 

Somewhat of a rebuttal to the argument that the gains have come from buying back shares and thus driving up prices.......

Where Have All The Stock Market Returns Come From This Decade? - A Wealth of Common Sense

 

Asset class and style returns
Source: Bloomberg Barclays, FTSE, MSCI, Refinitiv Datastream, J.P. Morgan Asset Management. DM Equities: MSCI World; REITs: FTSE NAREIT Global Real Estate Investment Trusts; Cmdty: Bloomberg Commodity Index; Global Agg: Barclays Global Aggregate; Growth: MSCI World Growth; Value: MSCI World Value; Small cap: MSCI World Small Cap. All indices are total return in US dollars. Past performance is not a reliable indicator of current and future results. Data as of 30 November 2019.


World stock market returns
Source: FTSE, MSCI, Refinitiv Datastream, Standard & Poor’s, TOPIX, J.P. Morgan Asset Management. All indices are total return in local currency, except for MSCI Asia ex-Japan and MSCI EM, which are in US dollars. Past performance is not a reliable indicator of current and future results. Data as of 30 November 2019.


Fixed income government bond returns
Source: Bloomberg Barclays, Refinitiv Datatsream, J.P. Morgan Asset Management. All indices are Bloomberg Barclays benchmark government indices. All indices are total return in local currency, except for global, which is in US dollars. Past performance is not a reliable indicator of current and future results. Data as of 30 November 2019.

 

Will there be a trade deal brokered by this Sunday? Will Tariffs be raised this Sunday? Or will nothing happen and we just keep bobbing up and down like we have been for the past few months?

I am going to predict that nothing happens. No deal but also no increase in tariffs. Just more of the same rhetoric we have been seeing all year long.

 

I honestly dont know why this is so important to markets in respect of their levels up or down. The fact is, this tariff "war" with China has been going for 1 year now yet the market is up tremendously yet the war is not resolved.
But media continues to spin the narrative so that markets react violently on the short term.
Crazy stuff.
Personally, I dont think there is a tariff war yet. But we are getting closer and by god, markets look out below when it does start in earnest.
But so far its a pi55ing contest.....

 

So with the British situation a little more clearer now that the election is done and no escalation in the US / China saga for now anyway, does anyone still believe the market is going to turn down significantly anytime soon?

I did notice there was not a significant move up on the reasonably positive news of the last 24 or so hours. And that’s cause I think markets have already priced in the possible positive outcomes.

And that’s where I saw the risk. Positive outcome was already in the price. Negative outcome would have resulted in a significant price adjustment.

With the current developments I see more of the same sideways action with some possible small upside. This is until trump turns again and starts ramping up the negative tweets. But with an election looming I’m not sure he will want to say anything that hurts the markets.

 

I believe you're right here. Made a purchase a week or so ago but unless there's a decent drop then I'll just wait until next month & pop a few more dollars in & do so on.