The S&P 500 is continuing to experience price sluggishness and for this year it is almost flat - below the line by -0.11%. Investors
are still trying to determine the effect of higher benchmark US Treasury Yields which crossed the important 3% mark this year.
While US stocks are adjusting to this new reality, self-directed individual investors may want to look at the international landscape
closely. One ETF that warrants a close look, especially considering recent political developments is EWY - iShares S. Korea ETF.
The Korean Peninsula appears to be going through a massive transformation with a goal toward complete denuclearization.
If whatever happened in recent weeks is not empty political rhetoric, we are expecting a major deepening of ties at social, political
and economic levels between the Koreas.
EWY from a technical perspective doesn't appear to be reflecting these new developments fully. The ETF finished strongly this
week closing above its 10-week SMA in better volume. Otherwise, it has been in a 3-month consolidation but relative strength is
improving, which is a positive. Ideally, we would like a little more conviction in buying at these levels. Nevertheless, EWY is one to definitely
keep a close eye on.
Self-directed investors will want to perform more research on this ETF to see how appropriate this is for their own portfolios.
Good Luck and Happy Investing!