Jul 15, 2016
Below is an updated look at our asset class performance matrix using key ETFs traded on US exchanges. For each ETF, we highlight its percentage change so far in the month of July, its change since the close prior to the Brexit vote on June 23rd, and its year-to-date change. Industrials (XLI) and Materials (XLB) have been the top performing sectors in July, and both are now up more than 10% year-to-date. The Financial sector (XLF) is the only one still in the red for the year. Outside of the US, Brazil (EWZ) had another huge week with a gain of 6.15%. For the year, EWZ is now up 54.88%. That’s even better than Silver (SLV), which is now up 44.66%.
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Have a great weekend!
Jul 8, 2016
Below is an updated look at our asset class performance matrix using key ETFs traded on US exchanges. For each ETF, we highlight its percentage change so far in the month of July, its change since the close prior to the Brexit vote on June 23rd, and its year-to-date change. Silver is certainly shining in 2016!
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all.
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Have a great weekend!
Jul 1, 2016
Below is a recap of financial market performance using our ETF Matrix which measures performance (in terms of price) of various ETFs. The version below contains performance figures for various ETFs (USD Price Changes) in the month of June, during the second quarter, and YTD. Focusing on Q2 (middle column), it was a modestly positive quarter for US equities as the only major index that was down during the quarter was the Nasdaq (-1.52%). All of the other indices featured were up anywhere from just over 1% (Dow Jones–DIA) to nearly 4% (Russell 2000-IWM). On a sector basis, Energy (XLE) contributed the most to the gains with a gain of 10.26%. Other sectors that were up more than 5% include Health Care (XLV), Telecom (IYZ), and Utilities (XLU).
In international markets, Brazil (EWZ) outdid every other country with its 14.7% gain. The only other country up over 5% was Russia (RSX), which was up 6.48%. On the downside, nearly all of the weakness was focused in Europe where Italy (EWI) dropped 11.1%, Spain (EWP) fell 8.1%, Germany (EWG) fell 6.53%, and France (EWQ) lost 5.42%. Closer to home, Mexico (EWW) was also weak with its decline of 6.2%.
In currencies, our ETFs were all over the place. The British Pound (FXB) fell 7.41%; it was actually up on the quarter heading into the Brexit vote. In the flight to safety trade that followed last week’s vote, investors also flocked to the Yen (FXY) as the ETF that tracks Japan’s currency was up 8.8%.
Finally, in commodities, all the ETFs shown were up sharply with DBC, USO (Oil), Nat Gas (UNG), and Silver (XLV) all up over 15%. Long term treasuries (TLT) also had a strong showing rallying 6.35%.
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all.
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Have a great weekend and Happy 4th!
Jun 17, 2016
Below is a look at the recent performance of various asset classes using key ETFs tracked by Bespoke on a daily basis. The left side of the matrix is made up mostly of US equity ETFs, while the right side is made up of foreign equity market ETFs, commodity ETFs, and Treasury ETFs. US equities fell 1%+ across the board this week, with Health Care (XLV), Financials (XLF) and Technology (XLK) leading the way lower. These three sectors are the largest three sectors in the S&P, so they impacted the cap-weighted indices heavily. Telecom and Utilities were actually higher on the week, while the remaining five sectors were down marginally.
In the matrix, the darker the green shading, the better the performance. It’s been a few years since the commodities section of our matrix had the darkest green shading, but this asset class has finally staged a comeback in 2016.
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all.
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Have a great weekend!
Jun 10, 2016
Below is a look at the recent performance of various asset classes using key ETFs tracked by Bespoke on a daily basis. The left side of the matrix is made up mostly of US equity ETFs, while the right side is made up of foreign equity market ETFs, commodity ETFs, and Treasury ETFs. As you’ll notice, there’s a lot more action going on outside of US equities, with big moves lower recently in foreign markets and big moves higher in commodities. France (EWQ), Germany (EWG), Spain (EWP), Italy (EWI), and the UK (EWU) all got crushed this week on Brexit fears, while natural gas (UNG) and silver (SLV) saw the biggest gains of any asset class.
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all.
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Have a great weekend!
Jun 3, 2016
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.
Each week, Bespoke sends clients across all of its subscription levels the Bespoke Report newsletter. If you’re looking for Bespoke’s analysis of current market internals, economic data, earnings beats and misses, individual stock ideas, and more, the Bespoke Report has it all.
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Have a great Memorial Day weekend!
