Data: About 94% of global stock markets remain above the 200-day moving average, with equity investment heating up.

BlockBeats News, December 31, according to analysis by The Kobeissi Letter, about 94% of markets covered by the MSCI All Country World Index (ACWI) are now trading above their 200-day moving average, approaching the highest level in five years. Meanwhile, about 87% of ACWI countries are above their 50-day moving average, the highest level since July of this year.

The ACWI Index covers 23 developed markets and 24 emerging markets worldwide, representing approximately 85% of investable equities globally. The ACWI Index has risen by +21.6% year-to-date, on track to achieve its third consecutive annual gain. At the same time, the MSCI All Country World Index (excluding the United States) has outperformed the S&P 500 Index by 12 percentage points, marking the largest gap since 2009. The global stock market is experiencing an unprecedented investment frenzy.