Twenty-eight countries in the MSCI All Country World Index reached new 52-week highs at the same time, marking the largest such breadth reading since February. The index itself is up 20% since April, underscoring that the recent advance in global equities has been broad-based across markets rather than driven by a narrow group of stocks or countries. In market terms, strong breadth is often watched as a sign that momentum is spreading across the asset class and may reflect improving investor risk appetite.