From the desk of Steve Strazza @Sstrazza and Ian Culley @IanCulley
One major theme that we’re watching closely right now are the growing number of risk assets at or near critical levels or key former highs.
We continue to see a variety of world stock market indexes approach crucial inflection points. As the list keeps getting longer, our cautionary view of the potential for further choppiness in many markets gets stronger.
Where prices resolve from here in major indexes like the MSCI Emerging Markets, EAFE — and even some major domestic indexes such as the Russell 2000, are about to provide us with some big-time information into the health of global equities and risk-assets in general.
Today, we’re going to look at one of these diversified international indexes that finds itself in this same boat as it approaches its pre-financial crisis record highs.