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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