International Markets

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VGK (European Stock Index ETF) - Dynamic Cycles

• This week and next, I will analyze several international markets.

• Let us start with European markets.

• The chart below shows the weekly cycle composite of VGK.

• It suggests a significant cycle bottom in mid-2026, like what I see in some US stock indexes and major stocks.

• Unfortunately, I have bad daily data and cannot produce a daily chart cycle composite, which could give us more insights for the next several months.

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