Below is a snapshot of recent asset class performance using key ETFs traded on U.S. exchanges.  For each ETF, we highlight its performance over the last 2 days (since Wednesday’s close), so far in September, and so far in 2015.

As shown, while SPY and DIA are both down month-to-date, the Nasdaq 100 (QQQ) and mid-caps and small-caps are up nicely.  Growth ETFs are up 1%+ month-to-date, while value ETFs are in the red.

Looking at sectors, Energy (XLE) and Financials (XLF) have gotten hit hard over the last two days since the Fed opted not to hike rates.  Industrials (XLI), Materials (XLB), and Technology (XLK) are all down as well.  The Utilities ETF (XLU) is the only sector that’s up post-Fed.

Outside of the U.S., Brazil (EWZ) continues to paint the tape red.  It’s now down 35.44% year-to-date after falling 3.32% over the last two days.  India (INP) is bouncing today, but that’s about the only area in the green.

Treasury ETFs have been the main winners since the Fed held rates unchanged, with the 20+ Year Treasury ETF (TLT) up 2.25% since Wednesday’s close.  Gold (GLD) and silver (SLV) are up nicely as well.

For more coverage of the Fed and how it’s impacting markets, become a Bespoke subscriber today.  Our Bespoke Report newsletter due out later today is available across all three subscription levels.  Enter “bespokereport” in the coupon code section of our Subscribe page to receive a 10% discount on your new membership!

investingwithbespoke

Print Friendly, PDF & Email