New Monthly Signals
The MSCI World Index (ACWX) tracks over one thousand large and mid-cap stocks in twenty-two developed countries, covering 85% of the market capitalization in those regions. As shown via the chart below, a positive monthly MACD cross was just nailed down on the chart of the MSCI World Index, which speaks to improving perceptions of future economic outcomes outside of the United States.
Since the inception of the MSCI World Index, there have been five similar monthly MACD crosses. Subsequent S&P 500 (SPY) performance was favorable in every