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ETFs highlighted in red are currently trading at their theoretical highs, which means they are the most overbought they have been in the past year and a half. Countries or regions currently this overbought include Sweden (EWD), Germany (EWG), Singapore (EWS), Austria (EWO), the Netherlands (EWN) and the Pacific ex-Japan (EPP). India (IFN) is the only country of the ones we track that is trading even remotely close to the bottom of its range.

We exercise caution in the short-term when things get this extended.

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global ETF

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