By Bespoke Research
• The recent rally for equities has been on a global scale.
• While many rallies for the US market over the last few years weren’t accompanied by rallies elsewhere around the world, the current breakout has been broad based.
• Below we show the year-to-date performance (in local currency) for 75 country stock markets.
• Of the 75 countries, 58 (77%) are up on the year, and the average country is up double-digit percentage points (+10.8%).
• What’s most notable about global equity market performance is how strong the “major” countries have been.
• Six of the seven G7 countries rank in the top 25 this year, and four of the G7 are up 23%+, including the US.
• The major emerging market countries — the BRICs — all rank in the top half, with Russia up the 2nd most of any country at +37.4%.
• Only two countries are down more than 10% YTD — Nigeria (-16.3%) and Lebanon (-22.3%).