Zeven of eight indexes on our world watch list have posted gains through the first week of 2018. The top performer is Hong Kong's Hang Seng with a gain of 10.19%, followed by our own S&P 500 with a gain of 7.45%. In third is Bombay's BSE SENSEX with 6.62%. Coming in last is London's FTSE with a loss of 0.21%.

The chart below illustrates the comparative performance of World Markets since March 9, 2009. The start date is arbitrary: The S&P 500, CAC 40 and BSE SENSEX hit their lows on March 9th, the Nikkei 225 on March 10th, the DAXK on March 6th, the FTSE on March 3rd, the Shanghai Composite on November 4, 2008, and the Hang Seng even earlier on October 27, 2008. However, by aligning on the same day and using a log scale vertical axis, we get an excellent visualization of the relative performance. We've indexed each of the eight to 800 on the March 9th start date. The callout in the upper left corner shows the percent change from the start date to the latest weekly close.