MSCI Pacific Index Breadth Looking Stronger Than The Rest Of The World

One of the ways we measure breadth is by tracking the one-year cumulative advance/decline ratio. This series keeps a daily running tally of issues that are advancing relative to those that are declining. Since late 2013, we have seen a positive increase in this breadth indicator in the MSCI Pacific Index. This change in direction of breadth is not being confirmed in MSCI North America, MSCI Europe, or MSCI World index which are all showing major breadth deterioration as this rally advances.