Video Shows Which Country’s Markets Did Best, Worst During Q1 Crisis
The video above shows cumulative total return during Q1 2020. Total return refers to all of the gains and losses associated with investing in a particular country’s stock market (using MSCI’s country level indices), including increases/decreases in stock prices, dividends and gains/losses from fluctuations in currency values. The cumulative aspect means that the return takes into account all the gains and losses from the beginning of the year to the date shown in the upper left-hand corner of the video.
Green means the total return was positive. Yellow means zero (or near zero). Orange and red both mean negative returns.
When you click play, you’ll see that as the year was beginning, global markets were doing well – January was generally an up month. But things began to turn in February with stocks alternating between ups and downs. March was generally a bad month for world markets. It was so bad that it erased the gains from earlier in the year for every country pictured here.
Interestingly, although the crisis appears to have originated in China, China was one of the world’s best performers by the end of the quarter. Asia in general saw smaller losses than the rest of the world. Countries which are well-known for low rates of business diversification and for relatively high dependence on commodity production such as Russia, Brazil, and Mexico tended to be harder hit.
The video below is quite similar, but instead of showing cumulative return, it shows one week’s (meaning five business days’) total return. This makes it easier to see the turning points, which one can start to see in early March. Both China and Russia’s worst one-week return was March 18th. From there, China bounced back more strongly.
Originally published on Townhall Finance.
Jerry Bowyer is a Forbes contributor, contributing editor of AffluentInvestor.com, and Senior Fellow in Business Economics at The Center for Cultural Leadership.
Jerry has compiled an impressive record as a leading thinker in finance and economics. He worked as an auditor and a tax consultant with Arthur Anderson, as Vice President of the Beechwood Company which is the family office associated with Federated Investors, and has consulted in various privatization efforts for Allegheny County, Pennsylvania. He founded the influential economic think tank, the Allegheny Institute, and has lectured extensively at universities, businesses and civic groups.
Jerry has been a member of three investment committees, among which is Benchmark Financial, Pittsburgh’s largest financial services firm. Jerry had been a regular commentator on Fox Business News and Fox News. He was formerly a CNBC Contributor, has guest-hosted “The Kudlow Report”, and has written for CNBC.com, National Review Online, and The Wall Street Journal, as well as many other publications. He is the author of The Bush Boom and more recently The Free Market Capitalist’s Survival Guide, published by HarperCollins. Jerry is the President of Bowyer Research.
Jerry consulted extensively with the Bush White House on matters pertaining to the recent economic crisis. He has been quoted in the New York Times, The Wall Street Journal, Forbes Magazine, The International Herald Tribune and various local newspapers. He has been a contributing editor of National Review Online, The New York Sun and Townhall Magazine. Jerry has hosted daily radio and TV programs and was one of the founding members of WQED’s On-Q Friday Roundtable. He has guest-hosted the Bill Bennett radio program as well as radio programs in Chicago, Dallas and Los Angeles.
Jerry is the former host of WorldView, a nationally syndicated Sunday-morning political talk show created on the model of Meet The Press. On WorldView, Jerry interviewed distinguished guests including the Vice President, Treasury Secretary, HUD Secretary, former Secretary of Sate Condoleezza Rice, former Presidential Advisor Carl Rove, former Attorney General Edwin Meese and publisher Steve Forbes.
Jerry has taught social ethics at Ottawa Theological Hall, public policy at Saint Vincent’s College, and guest lectured at Carnegie Mellon’s graduate Heinz School of Public Policy. In 1997 Jerry gave the commencement address at his alma mater, Robert Morris University. He was the youngest speaker in the history of the school, and the school received more requests for transcripts of Jerry’s speech than at any other time in its 120-year history.
Jerry lives in Pennsylvania with his wife, Susan, and the youngest three of their seven children.
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