The relentless bid for international equities continues to stand out—and it’s getting harder to ignore.
Outside the U.S., we’re seeing a textbook V-bottom in progress. Stocks around the world are recovering fast and fierce, with many regions snapping back toward new highs.
Just look at the iShares MSCI EAFE ETF $EFA. It erased all its March and April losses in no time.
After briefly undercutting last year’s lows, EFA shook out the weak hands, trapped the bears, and ripped right back above the upper bounds of the range.
These shakeouts that lead to breakouts are some of the most bullish setups out there.
If there’s one thing we’ve learned from failed moves, it’s that they often lead to fast moves in the opposite direction.
And it’s not just EFA. This kind of strength is showing up across the board. Europe, Asia, Latin America.
When you step back and see the bigger picture, the significance of this move becomes even clearer and suggests we could be still in the early innings of a generational breakout in global equities.
Join Steve Strazza this Thursday at 1 PM ET as he walks through some of his recent winners—and breaks down exactly what had him turning bullish weeks ago. Click here to save your spot. Don’t miss it!
