World Markets Watchlist: September 22, 2025

Let's start with a very recent chart with the latest recession. We've used February 3, 2020 for our start date (this is the official NBER recession start). The chart below illustrates the comparative performance of world markets since March 9, 2009. The start date is arbitrary: The S&P 500, TSX, 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 ...