EWY Rose 4.42% Thursday as South Korea Led

South Korea (EWY) rose 4.42% on Thursday, leading the session’s ETF moves and pacing equity strength alongside Taiwan (EWT), which gained 3.09%. Beyond equities, Infrastructure (PAVE) advanced 3.01% and Gold Miners (GDX) added 2.40%, while Managed Futures (DBMF) was the notable decliner, falling 1.80%.

South Korea jumped 4.42%

Equity ETFs

Leaders: South Korea EWY +4.42% (3M perf: +29.1%), Taiwan EWT +3.09% (+28.7%)
Laggards: Technology XLK +0.25% (3M perf: +8.7%), Russell Growth IWF +0.40% (+1.7%)

3M Regime

Strong: South Korea EWY (3M perf: +29.1%), Taiwan EWT (+28.7%), Energy XLE (+18.9%)

Weak: Copper Miners COPX (3M perf: -15.5%), China MCHI (-10.4%), China Large Cap FXI (-9.8%)

Signals to Monitor

Volatility Compression: Copper Miners COPX, Dow Jones DIA, High Dividend DVY

Overbought: Taiwan EWT, US Technology IYW, Nasdaq 100 QQQ

Preferred Stock climbed 0.90%

Fixed Income ETFs

Leaders: Preferred Stock PFF +0.90% (3M perf: +0.4%), Global Bonds BNDX +0.40% (-0.6%)
Laggards: Long Treasuries TLT -0.09% (3M perf: -1.2%), Short TIPS VTIP +0.08% (+1.4%)

3M Regime

Strong: Short TIPS VTIP (3M perf: +1.4%), TIPS TIP (+0.9%), High Yield Bonds JNK (+0.7%)

Weak: Long Treasuries TLT (3M perf: -1.2%), Global Bonds BNDX (-0.6%), Inv. Grade Credit LQD (-0.5%)

Signals to Monitor

Overbought: Short TIPS VTIP

Infrastructure surged 3.01%

Specialty ETFs

Leaders: Infrastructure PAVE +3.01% (3M perf: +10.9%), Gold Miners GDX +2.40% (-18.2%)
Laggards: Managed Futures DBMF -1.80% (3M perf: +1.6%), Covered Calls Nasdaq JEPQ +0.46% (+1.7%)

3M Regime

Strong: Semiconductors SMH (3M perf: +21.4%), Clean Energy ICLN (+12.2%), Infrastructure PAVE (+10.9%)

Weak: Ethereum Trust ETHA (3M perf: -19.1%), Gold Miners GDX (-18.2%), Gold GLD (-14.6%)

Signals to Monitor

Volatility Compression: Managed Futures DBMF, Ethereum Trust ETHA, Long/Short Equity FTLS

Overbought: Long/Short Equity FTLS, Momentum Factor MTUM, Semiconductors SMH

Romain Gandon — CEO, Quantlake

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results.