Mexico Erosion Continues

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Via the symbol EWW, we can see how badly Mexico has lagged the rest of the new-highs-every-day world of equities………

slopechart_EWW (1)

Taking the longer-term view, you can see a trendline going back nearly twenty years has been broken by this action, and I suspect Mexico is already in trouble. If, heaven forbid, you get a general global downturn in equities, I suspect our friends south of the border will lead the way.