The Median Stock Is Once Again Negative YTD

The median year-to-date performance in the MSCI World Index with two weeks of trading left is -1%. The median stock was up 20% at this point last year and was up 13% at this point in 2012.

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The developed country with the worst median performance YTD is MSCI Portugal. The median stock is down 35%. The developed country with the best median performance YTD is MSCI New Zealand. The median stock in MSCI New Zealand is up 14% in USD terms.

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The major country indices in Europe are all unsurprisingly negative year-to-date. The median stock in MSCI Germany is down 10%, in MSCI France is down 10%, in MSCI Italy is down 12% and in MSCI Spain is 8%

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The median performance year-to-date in the MSCI USA is 9%. The only other developed country indices with positive median performance YTD are MSCI Hong Kong (6%) and MSCI Ireland (6%).

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