MSCI World Indices Weakening
Candy Matheson | Aug 20, 2019 12:21AM ET
The following daily chart of the MSCI World (ex-USA) Index shows that price has dropped, once again, to just above the 1800 level (as of last Friday's close).
The MACD histogram and RSI indicators are hinting that price is attempting to stabilize on this short-term timeframe and may reverse its decline that began in early July.
The following monthly chart of the MSCI World, Global (incl USA) Indexes shows that price is stuck at a triple-top formation, after failing to break out and hold above an all-time high set in January 2018.
The RSI, MOM and ROC indicators have yet to make a new swing high above those also set in January 2018.
In summary, keep an eye on:
for clues that World Market Weakness And Negative Yielding Debt may, finally, be paying attention to negative effects of negative bond yields and then weakening further as a result.
In this regard, this Zero Hedge article outlines why negative rates do not bode well for world economies, markets and more...
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