Will Mexico benefit from de-China shift? not yet says $EWW

EWW should benefit from the shift toward Latin American countries and away from China. US manufacturers may be looking to bring manufacturing closer to home with geo political risks escalating this year. Higher shipping costs make Mexico an obvious candidate to consider. However, price action in EWW etf, as well as many other equity funds, are showing that the bull run over 1-2 years is running out of steam for now.