Below is a look at the recent performance (total returns) of various asset classes using our key ETF matrix. For the week, the S&P 500 (SPY) was down 26 basis points, but it’s still up 6.35% YTD. Since the 9/20/18 peak for SPY, the ETF is now down 8.52%.
While SPY is down 8.52% from its 9/20 high, the Dow 30 (DIA) is down just 6.57%, while the Nasdaq 100 (QQQ) is down 10.17%. Small-caps are down the most from their highs at -14.14% (IJR).
Looking at sectors, it really wasn’t a great week outside of strength in Tech (XLK). Health Care (XLV), Energy (XLE), and Consumer Staples (XLP) were all down more than 1% on the week, while Materials (XLB) and Communication Services (XLC) were down more than 70 basis points. For the year, Energy (XLE) is still up the most, but it’s also down the most of any sector since the 9/20 peak.
International equity markets performed much better than the US this week, and most countries are outperforming the US on a year-to-date basis as well. Brazil (EWZ) continues to post massive gains, returning 1.44% on the week at +14.71% on the year. While SPY is down 8.52% from its 9/20 high, EWZ is up 34.94% over the same time period. The only country struggling this year is India (PIN) with a decline of 2.15%.
Commodities are performing well in 2019, with DBC up 7.32% on the year. Oil (USO) and natural gas (UNG) took a breather this week, but they’re still both up 10%+ on the year. And while gold (GLD) and silver (SLV) are lagging energy commodities so far in 2019, these two precious metals posted nice gains this week. Here’s a closer look at gold’s price chart if you’re interested.
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