Is This Why Markets Keep Rising?
Hey, it’s Ross Givens here with the Chart of the Day. As the U.S. equity rally raises concerns about overextension, a broader perspective reveals a synchronized global upswing. The MSCI All Country World Index (ACWI), reflecting large and mid-cap stocks worldwide, has not only rebounded but surpassed its 2021 highs. The prevailing tailwind in global equities indicates a widespread market momentum, inviting strategic opportunities. In today’s Insight of the Day, I explore the implications of this global rally and how investors can harness the prevailing favorable conditions.