While the S&P 500-tracking SPY ETF fell 20 basis points on the week, the Nasdaq 100 (QQQ) rallied 1.72%. Looking at sectors, most fell, while Tech (XLK) was the only area of strength with a gain of 2.63%.
Outside of the US, both Brazil (EWZ) and Mexico (EWW) fell 5%+, while Australia (EWA) was the only country to gain more than 1%. And while oil (USO) rallied, gold (GLD) and silver (SLV) declined.
We’ve just published our weekly Bespoke Report newsletter, which provides an in-depth review of recent market action and events. In this week’s report, we also provide two lists of stocks we think look attractive. One list looks at top earnings plays, while the other looks at “domestic” stocks with attractive chart patterns. To read this week’s Bespoke Report, start a two-week free trial by clicking the button below.