Carnegie Market Blog

 

Dow One Million, RIP Bears and the Tribe

Posted by Brent Luce on Oct 6, 2017 3:39:40 PM

Synchronized Global Growth

You may have noticed that stock market indices around the world have all been moving higher over the past year or two.  It was not very long ago that investors were panicking over “Brexit” and the European economy in general.  As you can see below, and as the stock markets imply, we are seeing synchronized global growth like we have not seen since before the Great Recession.  Many believe that this reflects the fact that world is finally past the destruction caused during that period.   In the last blog, I discussed the fact that 2017 has been one of the least volatile years on record and that periods like this can encourage complacence.  The charts below remind me of the same phenomenon – it is important to remain diligent when everyone else is comfortable and complacent.  MORE:  R.I.P. Bears

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Topics: Technology, Cleveland Indians, global growth

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