U.S. & Canadian markets present as the most relatively expensive while Emerging Markets (EEM), and the Eurozone Far East & Australasia (EFA) present as cheap (on annual routines), writes Ziad Jasani Sunday. He’s presenting at MoneyShow Toronto.

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View my Market Strategy Session video here:
Recorded: August 17, 2018.
Duration: 1:29:31

This chart compares major trading blocs back to the entire global equity market (ACWI), to determine which spaces are relatively cheaper or more expensive.

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Why? Capital flows usually tilt towards relatively cheaper spaces.

The TSX presents as 2 standard deviations expensive, which implies the TSX is likely to under-pace the world on the way up and/or move faster down.

If markets rise, expect out performance from Equities out-side of North-America. If markets start to move down, expect North American markets to start moving down at a faster pace vs. the World. 

Join Ziad at MoneyShow Toronto Sept. 15 when he discusses Portfolio Management Strategies for Active Investors. Information: ZiadJasani.TorontoMoneyShow.com