The top 5 country equity ETFs so far in 2025:
1) Poland $EPOL: +62%
2) Greece $GREK: +62%
3) Austria $EWO: +49%
4) Spain $EWP: +48%
5) South Korea $EWY: +44%
Just like everyone predicted.
Can I post something without everyone getting mad?
"To put the current valuation extreme in perspective, the chart below shows our estimate of 12-year S&P 500 total returns over-and-above Treasury yields. This is the most reliable estimate of the “equity risk premium” that we have examined or developed, and is better correlated with actual subsequent outcomes than the “Fed Model” (S&P 500 operating earnings yield – the Treasury yield), the “Excess CAPE Yield” of Shiller, Black, and Jirav, and annual estimates produced by Aswath Damodaran, all whose work I admire even when I might disagree." - @hussmanjp