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Below is a look at our asset class performance matrix using key ETFs traded on US exchanges.  After a week of gains, major equity indices in the US are now higher for the month by a little over 1%.  Looking at the ten major sectors, Financials and Materials both surged this week, while Consumer Staples was the only one that fell.  Outside of the US, Brazil and Australia rallied 6%+, while China and India were both up more than 5%.  Interestingly, while gold was down on the week, silver rallied 5.75%.  You don’t typically see these two precious metals diverge that much.

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