Comparing the YTD performance of some equity indices around the globe, the excellent performance of (mainly) eastern european countries is obvious.
For example Hungary gained 23.14%, Czechia 19.45% and Poland 12.90%. Top performer in Central Europe is Austria with a gain of 27.12 YTD.
European indices are outperforming US indices by a big margin, the Eurostoxx50 index gained 8.72% compared to a loss of -1.44 of the S&P500 and -8.06 of the Nasdaq100.
Eastern European Index Futures can be traded on the OTOB, the Austrian Futures Exchange, but only with very low volume. It's also difficult to find a broker or bank with acceptable conditions but there are a lot of certificates and ETFs available.
My opinion is, that all these top performing indices are looking very stretched but with the current momentum in the back i will definetively stay back and avoid to call a top.
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