Europe is weaker, with the euro at nine-year lows against the dollar; particular weakness in the Greek stock market, down almost 5 percent, with Greek debt yields also rising, on reports over the weekend that Germany might permit a Greek exit from the euro. Peripheral countries like Spain and Italy are also down 1 to 2 percent.
Lots of interest in investing in Europe, not so much in the euro. That's why the WisdomTree Europe Hedged Equity ETF (HEDJ) is getting a lot of attention: it invests in European equities but hedges out the effect of the euro.
The Vanguard FTSE Europe ETF, which does not hedge out currency risk, is down almost 10 percent in the last year, but the HEDJ is up about 1 percent. That is a significant difference.