Chart of The Day – June 12, 2020

By: Chris Wenner in Charts 06/12/2020

The Bloomberg World Index is a benchmark including more than $60 trillion of global equity market cap(s).  Yesterday, it closed under the uptrend from the March-lows.  Needless to say, we are at an important inflection point in equity markets around the world.

The S&P 500 also had an interesting day on Thursday.  It traded down to the 200-day moving average – give or take a few handles.  Here at home, as well as globally, did equities simply need a 5-6% selloff to digest their recent climb(s) before resuming their moves higher?  Markets are up 3% here near the open.  It’ll be an interesting next 6 hours.

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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