$IVLU International Value 5th wave to $30? (3/5)

Conviction: 3/5


General Thesis

• weekly RSI showed a recent bouc
  
• bounced off long-term (2008) support trend line
  

Growth
N/A

Value
from other research, value of value (i.e. relative performance of value and growth) is at historical highs (i.e. very attractive)

also, US outperformance to international stocks is hitting upper bound of uptrend since 2011


which is also corroborated on a longer time frame from other studies.

although we have no idea when this is going to turn

Fundamentals & Balance Sheet
N/A

Potential Risks

• market downturn will cause this to go down too, albeit to a smaller degree to growth stocks
  
• did not bounce off of attractive Weekly RSI number