- if value is not unlocked, shareholders will not benefit (think of assets heavy companies, think of Korean conglomerates etc.).
- if capital markets are not efficient, the stock market will not perform well. Think of sg mkt in the past, think of Chinese markets in the past.
- regardless of what opinions and preferences all of us have, undeniably, esp in the near and mid term, what drives the markets are capital flows and sentiments.
- every global market has its own merits. And some are more cyclical than others.
- With dollar weakening, EM markets will benefit generally.
- Commodities focussed countries tend to be more cyclical.
- Japan markets are waking up as the government is promulgating a more efficient capital
I came across this great comment from a FH Premium subscriber.
I’ve extracted the comment in full below (Credits: you know who you are)
From a top level perspective on global stock markets and investing as a whole:
