CHART: The 1-Month And 12-Month Return Of Every Major Stock Market In The World

One of the notable themes in financial markets early this year is the “dash for trash.”  Specifically, many of the asset classes that sold off in 2011 have been rebounding sharply since the beginning of 2012.

The Egyptian stock market, which got obliterated last year, posted a monster 27 per cent gain in January.  Unfortunately, Egypt is seeing its stock market sell off sharply due to horrific violence in the region.  However, the “dash for trash” theme has been holding up in much of the rest of the world.

Below is a chart from from Barclays Capital’s European equity strategy team that has the one-month and 12-month performance of the world’s major stock market indices.  This is an easy way to visualise the 2012 “dash for trash” theme.

Of course, no theme is perfect and is without its anomalies.  As you can see, Portuguese and Spanish markets are underperforming.  Meanwhile, some indices that did well last year continue to do well.  These outperformers include the Thai, Indonesian, South African, and U.S. stock markets.

chart

Photo: Barclays Capital

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