Gold continues to underperform, while Mexico, Poland, and South Africa were among the worst performing ETFs we track this week. South Africa saw its currency, the rand, fall 3% in less than an hour this afternoon on headlines a minister had been taken into police custody. On the best performing side, Energy continues to look pretty solid on a 5 day basis. Materials also outperformed. As of this writing, ITB was up 2.6% on the day following Toll Brothers (TOL) earnings and a blow-out New Home Sales figure this morning.

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