Take a look at this week’s Charts to Watch from Accuvest Global Advisors with updates on the following: Global Financial Conditions Global Equity Markets Interest Rates and Fixed Income The Economy Major Currencies Commodities Investor Sentiment Accuvest Global Advisors is a California based RIA and sub-advisor of the AdvisorShares Accuvest Global Long Short ETF (AGLS).

1. Charts to Watch
Global Market Update
January 12, 2015
Global Clients…Global Portfolios
disclosure: The opinions expressed in this Charts to Watch report are those of the author. The materials and commentary are strictly informational and should be used for
research use only. This bulletin is not intended to provide investing or other advice or guidance with respect to the matters addressed in the bulletin. All relevant facts,
including individual circumstances, need to be considered by the reader to arrive at investment conclusions that comply with matters addressed in this bulletin. Charts and
information used in this report are sourced from Bloomberg.

2. Financial Conditions

3. 5
Developed Markets – Month to Date

4. 6
Emerging Markets – Month to Date

5. 7
Global Financial Stress Index – 5 Years

6. 8
Marco Risk Index – 5 Years

7. 9
The VIX Index (S&P 500 Implied Volatility)

8. Fixed Income & Credit

9. 11
U.S. Treasury 10 Year Yield
Lowest closing levels since May 2013

10. 12
Yield Curves: Treasuries, Investment Grade, & High Yield
Credit Spreads widening as a result of lower
treasury yields and higher junk bond yields

11. 13
Yield Curves: US, Germany, Italy, & Spain

12. 14
Investment Grade Credit Spread (BBB – 10 Yr. UST Yield)

13. 15
High Yield Credit Spreads (HY – 10 Yr. UST Yield)

14. 16
Emerging Market Bond Spreads

15. 17
Relative Bond Spreads

16. Global Equities

17. 19
MSCI All Country World Index – USD

18. 20
S&P 500 Index

19. 21
MSCI EAFE (Europe, Australia, Far East) Index – USD

20. 22
MSCI Emerging Markets Index – USD

21. 23
SPX vs. EAFE vs. EM
Emerging Market
relative strength since
December lows

22. 24
Trend Analysis by Sector (S&P500)

23. 25
Performance by Sector (S&P500)

24. The Economy

25. 27
Last week’s Economic Calendar

26. 28
Next week’s Economic Calendar

27. 29
Fed’s 5 Year Forward Breakeven (Inflation Expectations)
Market expectations for
inflation are low and oversold

28. 30
U.S. Economic Watch – Leading Economic Indicators

29. 31
U.S. Economic Watch – Leading Economic Indicators

30. 32
U.S. Economic Watch – Housing Market

31. 33
U.S. Economic Watch – Housing Market

32. Currencies & Commodities

33. 35
World Currencies vs. U.S. Dollar (6 Month Spot Returns)

34. 36
World Currencies vs. U.S. Dollar (Spot Forecast: Q2 2015)

35. 37
US Dollar $

36. 38
Euro €

37. 39
Japanese Yen ¥

38. 40
Russian Ruble

39. 41
Mexican Peso

40. 42
Global Commodity Prices

41. 43
Continuous Commodity Index – 5 Years

42. 44
Gold Prices – 5 Years
Gold challenging 3 year downtrend

43. 45
Crude Oil Prices – 5 Years

44. 46
High Grade Copper – 5 Years