The following is a daily chart encompassing the last year and eight months of the Wilshire 5000 which is the entire US stock market:
Remember the simple formula: the emerging markets and China, being primarily export driven economies, are held captive to the consuming economies of the developed world (US & Europe). With a firm commitment in the Euro zone to truly implement a significant monetary easing program, I believe emerging market economies and their stocks would take off to the moon! Moreover, I predict another year for US equities similar to 2013, where the S&P500 returned north of 29% for the year.
And speaking of China, I've had a few inquiries regarding the Shanghai Composite's incredible rally. This is the daily chart and it is certainly impressive!:
We'll see what happens on the 22nd! Have a great week!
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