As we enter another trading week, below is a snapshot of our asset class performance matrix. For each ETF shown, we highlight its performance last week, since the 9/20 peak for the S&P 500, and year-to-date so far in 2018.
The S&P 500 (SPY) ended up gaining 2.16% last week, while the Dow (DIA) gained 3.02% and the Nasdaq 100 (QQQ) gained 1.26%. Smallcaps were essentially flat, while Health Care (XLV) outperformed every other sector with a gain of 4.13%. Communication Services (XLC) was the only sector down last week with a drop of 1.03%.
Outside of the US, Brazil (EWZ) and China (ASHR) both fell 5%+ last week, while other countries like Hong Kong (EWH), Mexico (EWW), Russia (RSX), and Italy (EWI) were all down 1%+. Australia (EWA) and Spain (EWP) both gained 1%+.
Commodities fell sharply last week as well with the exception of natural gas (UNG), which spiked by 13%.