From bear to bullMost stock markets have undergone a dramatic shift to start the year, transitioning from a bear market to a bull market. Note that 74 percent of the 50 countries that compose the MSCI All-Country Weighted Index (ACWI) are already in a bull market. A bullish stock market is defined as a market index rising at least 20 percent from its lows. Source: Bloomberg, Wealth Securities ResearchChina is leading this new bull market, following a tumultuous 2022 due to the regulatory crackdowns, the “common prosperity” campaign, and the economic impact caused by COVID-19 restrictions. Source: Tradingview.com, Wealth Securities ResearchMajor risks to the nascent bullDespite the recent peak in inflation and reversal in the dollar, there are still significant risks to the nascent global bull market.

Source: Philippine Star January 23, 2023 02:21 UTC