economy
This emerging market is sizzling while U.S. stocks falter, charts show
Jay Woods breaks down the charts on this emerging market.
TL;DR
- US markets are experiencing uncertainty, leading investors to seek opportunities elsewhere.
- The Mexican market (EWW ETF) has shown a significant turnaround, with a 50% rally in 2025 and a breakout in 2026.
- Technical indicators like a rounded bottom breakout, RSI above 50, and strong relative strength suggest positive momentum for Mexico.
- Key trading levels are identified, with a target of recent highs in the low 80s and a long-term target of $90.
- Mexico offers diversification and an escape from current US market headwinds.