Global Bull and Bear Markets

We recently did a B.I.G. Tips report highlighting the state of equity markets worldwide.  Below is a list of the 84 countries we analyzed sorted by whether they are currently in a bull or bear market.  Currently, 48 of the 84 (57%) countries are in bear markets (which is at least a 20% decline that was preceded by a 20% rise).  Ireland is currently the worst bear of them all.  Its ISEQ index is now down 54.79% since the start of its bear.  Ireland is trailed by Iceland (-53.46%), Puerto Rico (-45.45%), Estonia (-45.26%) and Bulgaria (-44.50%).  Of the 48 global bear markets, at least the US is only the 42nd worst with a decline of 20.66% from its bull market high.

With 48 out of 84 countries in bear markets, it does mean that there are quite a few bull markets out there.  Some of these countries have been in long-term bulls and are on the brink of a bear (Brazil, Dubai), while some already made bear markets earlier this year and have rallied more than 20% since their bottoms (Vietnam, Japan).

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