EWU: Record Rally Contrasts With Crumbling Economy (NYSEARCA:EWU)

Core Insights - The iShares MSCI United Kingdom ETF (EWU) has achieved over 50% total return since the last buy recommendation in late 2023 despite ongoing economic deterioration [1] Group 1: Performance Analysis - The ETF's significant return highlights its resilience in a challenging economic environment [1] Group 2: Analyst Background - The analysis is provided by a full-time investor and owner of Icon Economics, a macro research company focused on contrarian investment ideas based on Austrian economic theory [1] - The analyst has 15 years of experience in investing and analyzing Asian and global markets, previously serving as Head of Financial Markets at Fitch Solutions [1]