Market observers note that roughly 94% of the ACWI components are trading above the 200-day moving average, a level nearing a five-year high in line with the Kobeissi Letter analysis.
Additionally, about 87% of ACWI country markets trade above the 50-day moving average, the strongest breadth reading since July, signaling broad momentum across developed and emerging markets.
The ACWI spans 23 developed markets and 24 emerging markets, representing roughly 85% of investable equity exposure on a global scale.
Year-to-date, the ACWI has risen about 21.6%, with potential for a third consecutive annual gain. The ex-US ACWI also outperformed the S&P 500 by around 12 percentage points, the largest gap since 2009.
Source: https://en.coinotag.com/breakingnews/msci-acwi-nears-5-year-high-as-global-markets-rally-ex-us-outperforms-the-sp-500-by-12-percentage-points-in-third-straight-year-of-gains
