


We've seen a rally off the recent marketplace lows, simply several areas of the marketplace are lagging. Above nosotros tin encounter that banking corporation ($BKX; bottom chart) together with insurance ($KIX; middle chart) stay good off their highs. The fiscal sector is i I'm watching closely; it led the marketplace meltdown together with and then led the run a jeopardy rally since March. Its underperformance instantly is unsettling to the bull case.
Also clearly underperforming is Nihon (EWJ; come about chart). This is around other province of affairs I'm watching closely, given troublesome longer-term fundamentals, including high levels of populace debt together with problematic demographics.
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