Ok it feels like back to school, so time for some recapitulation.
The index that I am looking at is "MSCI ACWI IMI Net total Return in CHF” as calculated by MSCI.
Some key pivots from 2023:
28.12.2022: 1561.78 CHF, -19.8% from ATH, +2.6% from the 30.09.2022 bottom.
30.12.2022: 1571.63 CHF, -19.3% from ATH, +3.3% from the 30.09.2022 bottom.
02.01.2023: 1574.09 CHF, -19.2% from ATH, +3.4% from the 30.09.2022 bottom, 0.2% YTD.
Januar 2nd, when the index was calculate first time for the year, remains the lowest value for 2023! I am impressed!
We have missed it by a hair during the banking crisis:
13.3.2023: 1574.97 CHF, -19.1% from ATH, +3.5% from the 30.09.2022 bottom, 0.2% YTD.
Afterwards the index was doing more or less consistently higher highs and higher lows. This is a very encouraging trend!
Meanwhile we had a new maximum for 2023:
1.08.2023: 1738.95 CHF, -10.7% from ATH, +14.2% from the 30.09.2022 bottom, 10.6% YTD.
Special congratulations to all calculating your assets in CHF!
After that, there was a healthy pull back:
17.08.2023: 1658.48 CHF, -14.9% from ATH, +9% from the 30.09.2022 bottom, 5.5% YTD, -4.6% from the previous maximum.
Even now the index is at 1718.71 CHF for yesterday, which is very close to the maximum for 2023.
Everything is going great!
Stay tuned for more market news in a month or so!