Bespoke's Global Snapshot

Part of Bespoke's presentation method is to display complex data and multiple variables in a way that allows investors to easily interpret the information.  Below we highlight historical price and p/e ratio charts of ten major countries.

As a guide, the dark blue line is the price, the green line is the p/e ratio, and the green shading represents the trading "area" or range of the country's index. The area of the index's price is two standard deviations above and below its 50-day moving average. The price is neutral when trading within this area, but when it moves above or below the area it becomes overbought or oversold.

Most countries are currently trading above or at the top of their trading areas. Japan and India are the only countries that have yet to take out their highs from earlier this year.  It is also worth noting that the p/e ratios of the US, UK and Japan have yet to expand over the last year.