GLOBAL EQUITY MARKETS – August 1, 2026
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trading well above its 200-day average at 147 levels. Breakdown below 152.6 levels can complete a short-term top and can become part of a reversion to the mean. Bearish chart pattern completions above the long-term averages are more prone to failure as they take place against the overall trend. This week's reversal from the support was strong. Chart pattern is morphing. A breakout above 158.5 levels can resume uptrend above the long-term average.
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