While broader Energy markets have taken a bit of a hit over the last few days, natural gas keeps ticking up. Biotech has also performed well, while gold continues to get hit with miners especially suffering. In FX, GBP has performed well via the FXB ETF, and small caps have outperformed the S&P 500 quite notably over the last week. Country ETFs have been led lower by Turkey, Brazil, Mexico, and South Africa, but broad weakness in EM has been fairly consistent.

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