Conclusion, Investment Implications, Strategy

We exited our Aug 30th long/overweight in the iShares MSCI Spain ETF (EWP), as recently displayed and discussed in our US vs The World Model, this morning for a 1.0% outright gain amid 1.0% of relative outperformance versus the S&P 500 (SPY).

We also added new long ideas in VanEck Steel ETF (SLX) and in the SPDR S&P Capital Markets ETF (KCE).  The details on these new ideas are available in our Asbury ETF Trade Ideas now and we will publish individual Asbury Alerts on both of these later today.