Worldwide Equities Outside North America Offer Perfect Repulsion

2022.06.03 18:36

The iShares MSCI EAFE ETF (NYSE:EFA) represents worldwide equities outside of North America. There is a blue trendline that dates all the way back to the financial crisis bottom, some 13 long years ago, and yesterday we did a perfect touch of the underside of that now-broken line.

 EFA ETF Chart.

Here is a somewhat longer-term view, illustrating how chart-friendly this critter is.

Long-Term EFA Chart.

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