Chart of the Day - Tuesday, April 29, 2025

April 29, 2025
Patrick Dunuwila

Chart of the Day


🏆  Today's Chart of the Day was shared by Donovan (@TheDonInvesting).
 

  • U.S. Stocks have rallied sharply off their recent lows, but international stocks have continued to outperform. 
     
  • Donovan highlights three European ETFs that are breaking out to multi-year highs versus the S&P 500—Italy ($EWI), Spain ($EWP), and Germany ($EWG).
     
  • The U.S dominated for nearly two decades. However, there has been a notable rotation out of U.S. stocks this year, and these breakouts suggest Europe could lead for months if not years. 
     

The Takeaway: Italy ($EWI), Spain ($EWP), and Germany ($EWG) are breaking out the multi-year highs versus the S&P 500, suggesting a potential regime change is underway. 

Filed Under: