GLOBAL EQUITY MARKETS – June 28, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 124 levels. The fact that the ETF cleared its 200-day average and moved significantly above it can be analyzed long-term positive as pullbacks and consolidations are likely to find support above the 200-day. After clearing the horizontal resistance at 124, 120-124 area acts as support during any pullback. Outlook is positive for Global Equities. Short pullback towards 124 levels found support at the horizontal boundary. The ETF is resuming higher.