Gavekal Capital: Regional Divergences in Cumulative Net Advances

Thursday, June 26, 2014

Regional Divergences in Cumulative Net Advances

One year cumulative net advances in the MSCI World Index surged from the end of April until just a few  weeks ago:

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By region, MSCI Asia Pacific exhibited very similar behavior to the World Index while net advances in MSCI Europe maintained elevated levels seen since a year ago:

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Meanwhile, cumulative net advances in MSCI North America have diverged noticeably from price trends and fallen steadily since last November:

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