November 26, 2018

Chart of The Week: Time for one last party?

by Fathom Consulting.

The uncertainty which has been a feature of 2018, has spiked even higher in recent months. Equity markets have been volatile. Does this signal the end of the equity bull market?  Notably, the US has significantly outperformed other developed market equities this year, even throughout the volatile market corrections last month, pushing relative valuations to near-record levels. As we have set out to clients in our latest quarterly forecast,  a narrowing of the performance gap between the US and other developed market equities represents one of a number of developments that, were they to occur within the next few weeks or months, would raise our confidence that there is time for ‘one more party’ before the equity market bull run comes to an end. Indeed, last week US equities, as measured by the S&P 500, underperformed other developed market equities, as measured by the MSCI World excluding US.

Refresh the chart in your browser Edit chart in Datastream


Thomson Reuters Datastream

Financial time series database which allows you to identify and examine trends, generate and test ideas and develop view points on the market.

Thomson Reuters offers the world’s most comprehensive historical database for numerical macroeconomic and cross-asset financial data which started in the 1950s and has grown into an indispensable resource for financial professionals. Find out more.

Get In Touch