US Stocks Led Broad-Based Global Rally Last Week

Ranking global markets by current drawdown continues to show that most of the major asset classes are at or near price peaks. Leading the winner’s circle at the moment: US stocks (VTI), which enjoyed a zero drawdown at last week’s close.

By contrast, broadly defined commodities (GCC) are still posting the deepest peak-to-trough decline: in excess of -40%.

GMI.F’s current drawdown is zero.

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