At this point, we all know that U.S. stocks are suffering... The broad market S&P 500 Index is down roughly 24% so far this year.

Let's Go on a World Tour By Marc Chaikin, founder, Chaikin Analytics At this point, we all know that U.S. stocks are suffering... The broad market S&P 500 Index is down roughly 24% so far this year. And the tech-heavy Nasdaq Composite Index is down around 31% in the same span. Those declines are staggering. But notably, they're U.S.-focused. Of course, as investors, it's critical to look beyond our home country to get the full picture. And frankly, it's even worse almost everywhere else today... For example, the British pound recently hit a record low against the U.S. dollar. It briefly traded for as low as roughly $1.03. And today, it's at about $1.10. That's a huge move in the world of currencies... Back in 2012, the pound traded for roughly $1.50. And before the 2008 housing bust, its value equaled more than $2. The simple fact is... foreign markets are in turmoil as well. We're seeing that play out in a variety of ways. The wildly fluctuating movement of global currencies is just one example. So today, let's check the pulse of the rest of the world... We'll take a closer look at several foreign markets through the lens of the Power Gauge. It's mostly a sea of red, of course. But you'll find at least one surprising bright spot... Recommended Links: 'SELL THIS DOOMED FAANG STOCK IMMEDIATELY' Wall Street titan Marc Chaikin and world-renowned forensic accountant Joel Litman just delivered an urgent crisis warning... and shared their No. 1 step to take with your money right now to protect yourself. Plus, Marc reveals his No. 1 stock you should SELL immediately. It's a legendary FAANG stock that he says is headed for disaster. Click here for details before today's opening bell. Oil Expert Quietly Predicts MASSIVE Market Event It's the top-performing sector of the year, yet most investors are completely ignoring it. And now one company trading for less than $20 per share could be at center of it all... set up to profit big time for what may be the biggest boom in the oil industry's 163-year history. Here's the No. 1 step to take today. The global level of the downturn we're facing is unescapable. And we can see that most clearly by looking at worldwide stock funds that intentionally exclude the U.S. market... The iShares MSCI ACWI ex U.S. Fund (ACWX) does exactly that. It holds stocks and currencies outside the U.S. Its biggest positions include Taiwan Semiconductor Manufacturing, Swiss companies Nestlé and Roche, and Chinese holding company Tencent. At any given time, it's an easy way to answer the question... is the problem we're facing global or only happening in the U.S.? Today, the answer is as clear as it gets... ACWX is down about 28% so far this year. That's worse than the S&P 500 and only slightly better than the Nasdaq's performance. The Power Gauge also paints a dismal picture for foreign stocks in general... Right now, 35 of ACWX's rated holdings earn a "bearish" or worse grade. Meanwhile, 73 are stuck in "neutral" territory. And just eight stocks are rated as "bullish" or better. So we have a simple answer... International stocks are clearly struggling today. Now, let's go on a world tour. That will give us an even clearer picture. The following table shows the year-to-date returns for eight popular country-specific exchange-traded funds ("ETFs")... If you generally ignore foreign stocks, you might find a couple of surprises here... First, you'll find that foreign stocks aren't a monolith. Each country has its own stock market. And these markets all move up and down at different wavelengths... For example, most of the ETFs are down in 2022 – many even worse than the U.S. But Spain's losses aren't quite as bad as the other European countries on this list. You'll also notice that I've included an unusual bright spot... The iShares MSCI Turkey Fund (TUR) is significantly outperforming. It's up around 19% in 2022. That's incredible considering that most global stocks are getting crushed this year. Even better, it earns a "very bullish" rating from the Power Gauge. And it has maintained that top-notch rating almost consistently since mid-March. Now, I'm guessing that you haven't thought much about Turkish stocks before. And truthfully, I haven't either. But that's part of why the Power Gauge is such a powerful tool... Its simple rating system forces us to examine areas we would normally ignore. And importantly, it reminds us that opportunities do exist – even in today's tough market. Above all else, remember to keep hunting for opportunities. Don't get tunnel vision with U.S. stocks. And don't get discouraged even if most of the world's stocks are down. If you're interested in a global bright spot, consider Turkish stocks today. Good investing, Marc Chaikin Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -1.52% 0 24 6 S&P 500 -2.08% 17 363 119 Nasdaq -2.88% 6 67 27 Small Caps -2.24% 207 1141 512 Bonds -0.52% — According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are strongly Bearish.. Major indexes are mixed. *  *  *  * Top Movers Gainers RE +3.11% WRB +2.77% STE +2.65% DXC +2.45% COP +2.03% Losers KMX -24.60% SEDG -8.27% RCL -7.87% GNRC -7.05% CCL -6.82% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close No earnings reporting today. Earnings Surprises NKE NIKE, Inc. Q1 $1.00 Beat by $0.19 MU Micron Technology, Inc. Q4 $2.59 Beat by $0.14 KMX CarMax, Inc. Q2 $0.79 Missed by $-0.61 *  *  *  * Sector Tracker Sector movement over the last 5 days Health Care -0.45% Materials -2.39% Industrials -2.81% Financial -2.88% Discretionary -3.04% Communication -3.19% Information Technology -3.41% Staples -3.78% Energy -4.10% Real Estate -6.06% Utilities -7.99% *  *  *  * Industry Focus NYSE Technology Services 0 25 10 Over the past 6 months, the NYSE Technology subsector (XNTK) has underperformed the S&P 500 by -11.54%. Its Power Bar ratio, which measures future potential, is Very Weak, with more Bearish than Bullish stocks. It is currently ranked #19 of 21 subsectors. Indicative Stocks SNAP Snap Inc. RBLX Roblox Corporation SHOP Shopify Inc. *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at its028@gmail.com. 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