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The inset box reflects the three largest ETF’s in America. The second largest ETF has done poorly compared to SPY over the past 6 years and has formed a multi-year pennant pattern that is breaking down of late.
Vanguard Emerging markets ETF VWO can brag about it size, yet not performance. The breakdown from this pennant pattern could put the pinch to a bunch of assets!!!
Speaking of a large number of investors getting hurt, the number three ETF hasn’t been doing so hot of late, maybe that is why $1 Billion left GLD last Friday.
Beware of “Crowded ETF’s” and what can happen to there price when mass selling takes place!!!