Today's Major Market Move: Montenegrin Stock Market Rises 8% in Past Week

Santa Claus was pretty good to global equity markets for Christmas, with 70% of benchmark global equity indexes in positive territory for the week prior. The 2nd best performer was the Montenegrin Stock Market which posted an 8% gain

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If we expand our view back further, the picture is not quite so rosy. Their stock market is down over 30% since March:

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and it has a lot of ground to make up if it wants to show any kind of correlation with expected gdp growth:

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