EWY has confirmed a breakout with lots of room to move higher
Korean stocks are attractively priced compared to American equities. Initially a falling dollar benefits American exporters. If the dollar falls too far, it will be bearish for American stocks and we could see International stocks take the lead again. American stocks tend to underperform after a decade of outperformance. The EWY Korean Index is comprised of sectors that are currently the highest performing sectors in America.
Tech: 33.8% (Samsung is the largest holding)
Communication: 11%
Consumer Discretionary: 10.5%
Tech: 33.8% (Samsung is the largest holding)
Communication: 11%
Consumer Discretionary: 10.5%
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