Post originally appeared on Zerohedge.
Venezuela, Argentina, and… China? are the 3 best performing stock markets in March in USD terms (with Ukraine close behind). It is the Greeks that have borne the brunt of global derisking through The Ides, Athens Stock Index down over 15% and the worst-performing stock market in the world for March. Year-to-date, Russia joins the 3 amigos at the top of the list (up almost 11% in USD terms) and Ukraine remains the clear laggard, down almost 33% in USD terms. The best performing global stock market in 2015 in local currency terms is… Denmark!?
Ides of March smack Greece, love China… (in USD terms)
Year-to-date, the picture changes a little… (in USD terms)
In local currency terms, Germany, Italy, and Portugal join the top ranks… but Denmark is the world’s best!!??
The S&P 500 teeters on the brink of green for 2015 but down for March… will they dare to let it close red?