How Does Your World Look This Year?
- Posted by JC Parets
- on June 12th, 2013
I think people are starting to catch on that most of the world has been a disaster this year outside of the US, Japan, and maybe Europe. We’ve recently seen a 5% correction in the US and a 16% correction in Japan. But meanwhile, most of the world has just gone on to make lower lows. That rotation into the emerging and more commodity sensitive areas of the world just hasn’t occurred. They keep selling them.
Below is a year-to-date performance chart showing how bad it’s gotten this year in the Middle East, Africa and Latin America. We’ve seen some heavy selling out in the Pacific the last few weeks, and this is outside of Japan. Canada’s mining and commodities exposure has hurt them as well, keeping them in the negative for most of 2013:
So are the US and Japan starting to play catch-up to the rest of the world? Is money going to finally flow into these underperforming areas for the first time all year? Or are we just going to keep seeing this disconnect? What do you guys think?
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.blog comments powered by Disqus
J.C. Parets is the Founder & President of Eagle Bay Capital, LLC. He earned the Chartered Market Technician designation (CMT) and is a member of the Market Technicians Association. More
- Let’s Talk About “Sell in May and Go Away”
- About That Monster Base In Heating Oil
- Money Rotates Into Late Cycle Names
- Why Energy Is Better Than Technology
- Top 10 Most Ridiculous Names For Japanese Candlesticks
- MOO is Looking Beefy These Days
- Energy Looks Intriguing On A Relative Basis
- The 10% & 20% Correction Levels Are Completely Irrelevant
- TIPS Are Greatly Appreciated
- Russia Fails At Former Support
Archive by Year