2017 First Half Review – Global Indexes via ETFs

SYNOPSIS

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One thing that should be totally obvious by now is that any media attributions of stock market gains to Trump’s election are foolish and unfounded. Stock markets almost always rise in November/December/January, so that’s just a seasonal effect. Since then, the markets have mostly been moving sideways, so no tip-of-the-hat to Trump for that. And finally, the business media haven’t noticed that just about every stock market in the world has outperformed US markets this year (except sadly Canada, which has fared worse). Lot’s more on that in this week’s edition.

PTP… Our ProfiTrend Portfolio APAR (annualized price appreciation rate) gained a bit to 44% from 41% a week earlier. That’s still ahead of the S&P 500 APAR which edged up to to 11%, and the S&P/TSX Composite Index APAR which turned decidedly negative.

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Last Week in the Major Indexes… Nasdaq recovered a bit after a previously disastrous week. All index trend values are below or just slightly above zero.

Last Week in the Sectors… US Financial Services have shown some signs of improvement, but only a few sector trend values are positive right now.

Featured Charts… 2017 First Half Review – Global Indexes via ETFs
We continue our first half 2017 coverage with a look at the global context. As with our Q1 report, we’ve found that a huge majority of the world’s stock markets are still outperforming those in the US and Canada. Investing abroad via foreign ETFs or ADRs is definitely something to consider.