I want to take a little trip around the world this week by looking at a few key charts of exchange-traded funds (ETFs) pegged to various regions of the globe. Letâ??s start with the action in Europe via the iShares Europe 350 (IEV).
For most of the past year, stocks in Europe have trended steadily higher. The sector had a rough start to 2014 with a late-January sell-off. But since February, weâ??ve seen a concerted move higher in European stocks. Part of this move higher is due to the confidence that the European Central Bank will come in with its own version of quantitative easing if the economy in the European Union (EU) starts to falter.
Here in the United States, weâ??ve seen strength in the large-cap segment of the market, including in major indices such as the Dow Jones Industrial Average and the S&P 500. Those respective indices are trading near their all-time highs, but not all segments of the market have followed suit.
Read more about how global and domestic exchange-traded funds are performing this year at Eagle Daily Investor.