Market Briefing: MSCI Correlations January 17, 2018 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box
Table Of Contents Table Of Contents MSCI World 1-6 Stock Markets 7-9 January 17, 2018 / Market Briefing: MSCI Correlations www.
MSCI World 2 Figure 1. 575 525 475 425 375 1 325 MSCI 275 225 Developed World MSCI 175 125 2250 Figure 2. 2400 1750 1 1 1 1250 MSCI 750 Developed World ex-us MSCI Page 1 / January 17, 2018 / Market Briefing: MSCI Correlations www.
MSCI World Figure 3. 1 1 Emerging Markets 400 200 1 Figure 4. 575 525 475 425 375 325 0 Emerging Markets Developed World MSCI 275 225 175 125 Page 2 / January 17, 2018 / Market Briefing: MSCI Correlations www.
MSCI World Figure 5. 400 1 1 300 200 ex-us 100 2400 Figure 6. 2 2 2400 United States 1 1 1 1 400 Page 3 / January 17, 2018 / Market Briefing: MSCI Correlations www.
MSCI World Figure 7. 300 275 250 1 1 European Monetary Union (EMU) 225 200 175 150 125 100 75 50 25 Figure 8. 1 United Kingdom 1 1 0 Page 4 / January 17, 2018 / Market Briefing: MSCI Correlations www.
MSCI World Figure 9. 4000 1 Japan 1 Figure 10. 120 100 1 China 1 80 60 40 20 0 Page 5 / January 17, 2018 / Market Briefing: MSCI Correlations www.
Figure 11. 1 1 MSCI World 0 4 4200 3 3400 2 1 Brazil 200 1 Figure 12. 575 525 475 425 375 325 0 Emerging Markets Developed World MSCI 275 225 175 125 Page 6 / January 17, 2018 / Market Briefing: MSCI Correlations www.
Stock Markets Figure 13. UNITED STATES: STOCK MARKET 2 S&P Index (1941-43=100) 2 MSCI Share Price Index (US$, December 31, 1969=100) 1 1 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: MSCI and Haver Analytics. 1 1700 Figure 14. UNITED KINGDOM: STOCK MARKET 0 1 1 7000 1300 0 1100 0 900 700 FTSE 100 Index (January 2, 1984=) MSCI Share Price Index (US$, December 31, 1969=100) 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: MSCI and Haver Analytics. 4000 Page 7 / January 17, 2018 / Market Briefing: MSCI Correlations www.
Stock Markets 10 Figure 15. GERMANY: STOCK MARKET 1 DAX (December 30, 1987=) 1100 MSCI Share Price Index (euros, December 31, 1969=100) 1 900 9000 700 7000 0 400 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: MSCI and Haver Analytics. 300 20 Figure 16. JAPAN: STOCK MARKET Nikkei (5/16/1969=176.21) 0 MSCI Share Price Index (yen, December 31, 1969=100) 10 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: MSCI and Haver Analytics. 400 Page 8 / January 17, 2018 / Market Briefing: MSCI Correlations www.
6 0 Figure 17. CHINA: STOCK MARKET Stock Markets 120 5 0 4 4000 Shanghai-Shenzhen 300 (12/31/2004=) MSCI Share Price Index (yuan, December 31, 1992=100) 100 80 3 60 2 1 40 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: MSCI and Haver Analytics. 20 Figure 18. 00 BRAZIL: STOCK MARKET 300 70000 00 00 200 00 00 100 40000 0 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: MSCI and Haver Analytics. Brazil Bovespa (12/29/1983=) MSCI Share Price Index (reals, December 31, 1987=100) 00 00 0 Page 9 / January 17, 2018 / Market Briefing: MSCI Correlations www.
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