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Below is a look at the recent performance of various asset classes using key ETFs that we track on a daily basis. For each ETF, we show its performance year-to-date, since the Fed hiked rates on December 14th, and since the close on Election Day 2016 (11/8/16).
Most US equity ETFs (left side of matrix) are up between 0-2% so far year-to-date, but the Nasdaq 100 (QQQ) has been a standout to the upside with a 2017 gain of 3.95%. The Dow 30 (DIA) has lagged with a gain of just 0.60%. Looking at sectors, Consumer Discretionary (XLY) and Telecom (IYZ) are up the most YTD, while Energy (XLE) and Consumer Staples (XLP) are down the most.
Since the Fed hiked rates in mid-December, the Energy sector is the only area of the US market that has felt any kind of pain (-2.48%), while Consumer Staples is down less than 1%. Since the election, the Financial (XLF) and Telecom (IYZ) sectors are the only ones up more than 10%.
Outside of the US, many countries have already posted nice gains in 2017. Brazil (EWZ) is up 7.8% YTD after posting a big gain in 2016 as well. Hong Kong (EWH) and Australia (EWA) are both up more than 5%, while Canada (EWC), China (ASHR), India (PIN), and Japan (EWJ) are all up more than 3%. Mexico (EWW) is the only country on our matrix that is down year-to-date, and that follows a very weak Q4 as well.
Looking at commodities, gold (GLD) and silver (SLV) have both gotten off to good starts to 2017, while oil (USO) and natural gas (UNG) are in the red. Treasury ETFs are up both YTD and since the Fed hiked rates, but they’re all still down since the election.