Today, we had a little bit of pullback in major market indices all around the world. S&P 500 is down –3.9% today. The return of S&P 500 year-to-date is now –3.9%. It’s not too bad considering we had a pretty nice run last year.

Let’s take a look at the return of major indices around the world:

• S&P 500: –3.9%
• Dow Jones Industrial Average: –3.45%
• Nasdaq Composite Index: –2.87%
• S&P/TSX Composite Index: –2.9%
• Shanghai Composite Index: –21%
• Hang Seng Index: –10.64%
• Nikkei 225 Index: –4.89%
• FTSE 100 Index: –6.28%

So far, North American indices beat other major indices; while emerging market indices seems to be lagging. Will we see another bear market ahead? Nobody knows…