EWJ: I'd Stay Away From Japanese Stocks Right Now

  • Japanese stocks have outperformed global and US markets year-to-date, sparking interest as a potential alternative to US equities. Despite recent gains, Japan's 5-year performance lags behind the US, with a significant breakout only occurring in late April 2024. This breakout could signal the end of a year-long consolidation, presenting a potential profit opportunity for investors.