Monday, 5 August 2013

Markets up 20% YTD

The S&P 500 is now up over 20% YTD by various measures...that's a pretty big jump and we're less than 3/4th of the way thru the year still.

What are the chances of it continuing to go up?  Very unlikely but...I've been saying that for a while and been wrong.  So who knows...  Wonder if all the bears have given up and piled back in yet.  I haven't seen many sentiment numbers lately so that would be a curious data point to see.

One chart from Bespoke Invest shows not that much change in market poll results though markedly higher than earlier this year:

While much can be said of the US results, the rest of the world however hasn't fared quite as well.
VEU - the Vanguard ETF for world stocks excluding US is only up 4.7% YTD

VWO - Vanguard Emerging Market ETF is down an enormous -9% YTD.

Looks like the US stocks are eating everyone else's breakfast and lunch and dinner...

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