🏆 Today's Chart of the Day was shared by Ricardo Sarraf (@nullcharts).
- The Latin America ETF ($ILF) closed at a four-year high today and a one-year high relative to the S&P 500. As Rick notes, it's reversing from a 14-year downtrend.
- $ILF holds 40 blue-chip stocks across Brazil, Mexico, Chile, Peru, and Colombia. Brazil dominates the fund, including its top three components: $NU, $VALE, and $ITUB.
- It's up by more than +50% YTD before dividends, while the S&P 500 is up roughly +17%. International stocks have broadly outperformed this year, but until recently, leadership has primarily come from Asia and Europe.
The Takeaway: Latin America ($ILF) is emerging as a leader as it continues to reverse from a 14-year downtrend.
