Hot Money
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Long View of the S&P 500 & Stock Markets of Canada, Japan, China, Hong Kong, India, UK, France, Germany, Italy, Spain
Wolfstreet· 2026-01-01 01:26
Market Performance Overview - The S&P 500 Index experienced a significant increase of 16.4% in 2025, with a total rise of 79% from 2023 to 2025 and 208% since the March 2020 low [1][2] - American investments in foreign markets led to substantial gains, with Spain's IBEX 35 Index surging by 49% in 2025, marking a three-year gain of 110% [6][32] - The Canadian TSX Composite Index rose by 28.2% in 2025, with a total increase of 111% since the March 2008 high, although this shrinks to 54% when expressed in USD [7][11] International Indices Performance - Japan's Nikkei 225 Index soared by 26% in 2025, achieving a 500% increase since January 2012, but this translates to a 184% gain in USD due to the yen's depreciation [14][15][18] - The Shanghai Stock Exchange Index rose by 18.4% in 2025, but remains down 35% from its all-time high in October 2007 [20] - The Hang Seng Index increased by 27.8% in 2025, yet is still down 23% from its all-time high in January 2018 [23] Other Notable Indices - India's BSE Sensex Index rose by 9.1% in 2025, with a total increase of 388% since 2010, which translates to a 147% gain in USD terms [26][29] - Italy's FTSE MIB Index surged by 31.5% in 2025, more than doubling since October 2022, but remains below the March 2000 bubble high [35] - The UK's FTSE 100 Index increased by 21.5% in 2025, with a total rise of 43% since the beginning of 2000 [38] European Indices - Germany's DAXK rose by 20% in 2025, with a 33% increase since the March 2000 high [41][42] - France's CAC 40 Index increased by 10.4% in 2025, but has only risen by 18% over the past 25 years [45][46]
X @The Economist
The Economist· 2025-11-17 18:20
What may have started, months ago, as a limited push for more gold in central banks’ reserves seems to have snowballed into a self-propelled mass of hot money chasing prices higher https://t.co/jtYTsCmWWu ...
Episode 5: A Different Set of Rules | FT Podcasts
Financial Times· 2025-07-01 05:34
Previously on Hot Money. I don't know. It's a kind of almost like a a Sharon Stone moment from Basic Instinct, you know, the plot of Basic Instinct where she uh she murders her husband, but uh uh but that's also the plot of the book she's written.So, it couldn't possibly be true. Do you know about this life-sized Trump figure in the office and his in Marshall's office and his um altar of of Russian officers caps and shanka kind of Yeah. Yeah.All those heads. Yeah. I think the biggest tragedy of Yan Masale i ...