Below is a look at the recent performance of various asset classes using key ETFs tracked by Bespoke on a daily basis. While the S&P 500 (SPY) closed the week up 2 basis points, we saw weakness in sectors like Energy, Financials and Telecom, and we saw strength in Consumer Staples, Health Care, Materials and Utilities. Outside of the US, Brazil and China both posted big gains this week, while Italy, Mexico, Spain, Russia and the UK fell. Oil fell as well, while natural gas saw a big move higher. Treasury ETFs rose significantly on Friday following the weak jobs report. They’re now up solidly on a year-to-date basis as well.
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Have a great Memorial Day weekend!