As you can see below, IEV experienced a sharp negative LEV pattern on Friday.
This does not mean that you need to short IEV in a hurry.
As we can see below, there was a sudden surge in IEV volume, which forced the IEV managers to hurriedly issue new IEV shares and sell them in the market.
The main question is why the surge of volume? The "easy" answer is that it was an algo answer to US$ weakness, which forced money into Euro priced assets.
On the other hand, EPV is not attracting sellers.
Pascal
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