The ascent of the World Index is slowing for a start, as the largest stocks slow down, with smaller stocks taking on a more leading role.| ByteTree Global Trends
Biotech stocks are the theme this week, as the likes of Innovent and Argenx come through in the Leading Trend category, alongside many other biotech stocks. Wuxi AppTec and Genmab also come through in Emerging...| ByteTree Global Trends
The global matrix sees US financials improve versus Europe and Asia, with Goldman Sachs and Royal Bank of Canada showing strength. Utilities have dropped while energy has strengthened over last week.| ByteTree Global Trends
Weakness in Indian stocks has resumed, as geopoltics worsens its outlook, while political unrest in Indonesia aligns with the weak signal we've been getting from there in recent months. Thailand showed up as weak before their border dispute too, showing how savvy markets can be. Strength is hard to come by when the world index is powering on, and even financials are losing some of their strength.| ByteTree Global Trends
Markets are buzzing as Powell teases rate cuts, sending equities into overdrive while the Fed tiptoes between inflation and jobs.| ByteTree Global Trends
You can now count the number of weeks that a trend has been in place in both CAPR and local currency terms.| ByteTree Global Trends
In terms of CAPR strength, Japan is climbing the leaderboard and is the strongest major market. In the attached GTI: Top 200 spreadsheet, there are eight Japanese stocks featured.| ByteTree Global Trends
Japan is the theme this week, as the TOPIX made a new all time high after 35 years. Many stocks from multiple sector come up in the GTI universe, suggesting the trend is strong and broad, from post to banking, heavy industry and fashion.| ByteTree Global Trends
The world index closed the week back at an all-time high. The rally in the US dollar has caused concern for stockmarkets. The USD’s ByteTrend score is still a 3, but markets took relief when the price fell back...| ByteTree Global Trends
High volatility stocks have turned lower after a very strong run. The world index has recovered from last week's blip, but the profitless and speculative leaders of this recent rally haven't followed suit, which is an interesting divergence...| ByteTree Global Trends
The market has shown the first signs of weakness since April. Macro has raised its head, and the consumer remains weak. US tariffs are another factor, but their impact will no doubt become clearer in the coming weeks.| ByteTree Global Trends
The World Index makes another new all-time high, sustaining its ByteTrend Score of 5| ByteTree Global Trends