Vermilion ETF Pathfinder: Actionable ETF research & Ideas

ETF Technical Themes: • Top-down and bottom-up technicals continue to articulate a bullish outlook for equities. • Global and sector rotation is underway. Technicals continue to depict a rotation from the U.S. to foreign equities (see page 2). The biggest beneficiary: emerging markets. This is true from both an absolute and relative perspective. On the absolute front, the EEM is breaking out above a downtrend dating back to the ‘07 peak. From a relative perspective, the EM/Developed rat...