This time last year the iShares MSCI ACWI ETF was at a seven-month low, 8% below its 2018 high. Now it's within a few cents of its 2019 high. Only 40% of global markets had rising long-term trends a year ago compared to 69% now. Last year, half the world's central banks were tightening. Now, 85% are easing.
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