Global stocks rose by more than 12% in the first half of this year and outperformed historical averages, according to analysis by CNBC Pro. The stellar performance of the MSCI World Index , which captures over 1,500 stocks across 23 developed countries, in the first half of this year beats the 3.89% average rise since 1970. The first half's double-digit returns also beat the 9.64% average return over the past 53 years when considering only positive stock market performance periods.
mountain Historically, the second half of the year has underperformed the first half, according to the analysis of FactSet data. When stock markets have risen in the second half, the average over the past half a century has been an 8.8% gain, nearly a percentage point below the first half's average returns. In addition, the MSCI World index has gained 12% or more in the first half in only 12 years over the same period.