Today’s Chart of the Day was shared on Twitter by Mark Ungewitter (@mark_ungewitter). The chart shows the S&P 500 over the past two years, along with three other global equity ETFs - Developed Europe ($VGK), Developed Pacific ($VPL), and Emerging Markets ($VWO). Mark points out that all three of these global equity ETFs are currently trading above their February peaks. This shows healthy demand and risk appetite for stocks as an entire asset class. The simple take away here; stocks are breaking out around the world, which is anything but bearish.
Chart of the Day - Thursday, December 17th, 2020
December 17, 2020
