It was a relatively quiet week for US equity markets, but high dividend paying sectors like Utilities and Telecom have struggled recently as interest rates have risen. Below is our asset class performance matrix, which highlights the recent performance of ETFs across the financial spectrum.
While oil was up nearly 4%, gold and silver both tanked. The Brazilian stock market (EWZ) was up another 5%, putting it up a whopping 71.35% on the year. That’s by far the best ETF in the matrix in terms of year-to-date performance.
We analyze this week’s action, the Fed, economic indicators, sentiment and more in this week’s Bespoke Report newsletter. You can read the entire report by starting a 14-day free trial to our paid content below.
Have a great weekend!