The index that I am looking at is "MSCI ACWI IMI Net total Return in CHF” as calculated by MSCI.
We have just got a new maximum for 2023:
08.12.2023: 1739.28 CHF, -10.7% from ATH, +14.3% from the 30.09.2022 bottom, 10.7% YTD.
However, this is exactly the “resistance” range where the index was reverted already 4 times this year, peaking at
13.06.2023: 1727.88 CHF
04.07.2024: 1730.35 CHF
01.08.2023: 1738.95 CHF
14.09.2023: 1732.43 CHF
It would be nice if it gets over some previous peaks:
16.08.2022: 1748.16 CHF
07.06.2022: 1769.75 CHF
Well, we can be there after one very positive day…