Gavekal Capital: Swedish Stocks Weakest in World

Friday, November 15, 2013

Swedish Stocks Weakest in World

Over the last month MSCI Sweden stocks have been in a slump.  There are 32 of them and they are down on average 3.6%, making them the worst performing country in the MSCI World index.

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Over the last 50 days, 44% of Swedish stocks were up and 57% were down.  At a net reading of -13%, Sweden has been the worst performer on average.

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Sweden has had the fewest days of positive performance over the last 50 days.  For Sweden, only 47% of the last fifty trading days were up, which is the lowest in the world as well.

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