$SPY, $QQQ, $RUTX, $DIA, $DE
Global stock markets gained $17-T in total value in 2019 according to the information based on Deutsche Bank calculations.
The chart from Deutsche Bank (NYSE:DE), the value of global equities began the year just under $70-T but now exceeds $85-T.
Political developments and an easier monetary policy have helped spark a banner year for stocks around the globe.
The global trade outlook had been in question since Donald Trump’s election and the BREXIT vote in the UK, the outlook became clearer as the year progressed.
The House approved the United State-Mexico-Canada Agreement and the US has reached a deal with China its P-1 of trade negotiations. In Europe, British Prime Minister Boris Johnson’s Conservatives recorded a victory and is expected to give him the power to negotiate his nation’s exit from the failing EU.
The large climb in world markets has been dominated by US markets. The S&P 500, DJIA and Russell 2000 up more than 20% on the year. The NAS Comp nearly 35%.
- NAS Comp +34.9% YTD
- S&P 500 +28.6% YTD
- Russell 2000 +24.4% YTD
- DJIA +22.2% YTD
Have a Happy Holiday Week