The last few months have been interesting with several markets making new highs (developed) and as we get into the phase where majority of the developed markets in the world are trading at high valuations, it is even more critical to remain cognizant of any reversal in long term trends to exit the investment. At the same time there are few markets which are trading at significant discounts and have recently started to give signs of positive long term trend formation and as such deserve attention and could prove to be out performers in the long term assuming the trends sustain.
Enough words, let’s get to data analysis.
World valuation heat map: Countries in red are trading at high valuation ratios and are the popular kids in town and the ones in blue are the unloved markets with negative news all around.
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