Below is an updated look at our asset class performance matrix using key ETFs traded on US exchanges. For each ETF, we show its performance last week, month-to-date, and year-to-date. The Nasdaq 100 is leading the list of US index ETFs in July with a gain of 5.68%. Small-caps have outperformed large and mid-caps, while growth has outperformed value. Most sectors are up anywhere from 3-5% on the month, but Consumer Staples, Energy and Utilities are only slightly in the green.
Outside of the US, Brazil continues to surge, gaining 2.59% last week for a total jump of 8.9% this month. On the year now, Brazil is up 58.90%! On the downside, Italy (EWI) is down the most YTD of any ETF in the entire matrix with a loss of 20.31%. After a huge recovery off its lows earlier in the year, oil continues to dip here, falling 5.19% last week and nearly 10% month-to-date. Gold and silver both pulled back a bit last week as well. Finally, Treasury ETFs remain up on the year, but they’re now down slightly in July.