From the desk of Steve Strazza @Sstrazza
Thanks to everyone for the feedback on this week’s Mystery Chart. We had a lot of good answers this week. Many respondents were cautious of the waning momentum but on balance, most of you were buyers. We are too.
It was a chart of the iShares MSCI Netherlands ETF $EWN which just broke out of a 13-year base to fresh all-time highs (shown below).
But it’s not just the Netherlands making new record highs, the All-Country World Index $ACWI just made new all-time highs as well. There aren’t many things more bullish than World Equity Indexes trading at their highest levels in history.
In this post, we’ll highlight the positive breadth characteristics we’re seeing within Global Equity Markets and outline trade setups in some of the strongest countries around the world- including the Netherlands, as a way to express our bullish thesis.