MSCI All World and NYSE Composite Indexes Break Out
The U.S. stock market was among the first to breakout to new all-time highs this year. And now amidst a stream of positive trade war developments, indices that were more beaten down by the trade war (e.g. emerging markets) are also making new all-time highs.
Both the MSCI All World Index and the NYSE Composite Index have hit multi-year highs for the first time in well over a year. These breakouts have been positive for the S&P 500 over the next year.
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