Major equity indexes traded sideways for most of the week as earnings and economic data reports flooded the scene. Much to the bulls’ surprise, steep profit-taking pressures permeated Wall Street on Thursday, sparking a wave of selling that sent virtually every asset class tumbling; the S&P 500 Index shed 2% on the day, effectively erasing all of its prior gains accumulated throughout the month of July [see also How Well Do Defensive ETFs Actually Work?].
To help investors keep up with markets, we present our ETF Scorecard, which takes a step back and looks at how various asset classes across the globe are performing. For most of the return comparisons below, we reference trailing 1-week and trailing 1-month returns; this offers a good insight into the prevailing sentiment in the markets by capturing the performances across short-term and longer-term time intervals [for more ETF news and analysis subscribe to our free newsletter].
Risk Appetite Review
The bears took over this week and selling pressures were the dominant force; not surprisingly, High Beta led the way lower:
Major Index Review
The “Risk Off” theme is further evidenced given the negative performances across the board, with Small Caps being the biggest losers overall:
Domestic Sector Review
The Consumer Staples, Energy, and Industrial sectors were the worst performers over the last five days:
Sector P/Es dropped across the board, with the Discretionary sector leading the way lower in terms of contracting valuations:
Foreign Equity Review
Chinese equities held their ground best this week while the rest of the foreign market lineup turned in a negative performance:
Regional P/Es were either flat or dropped lower, with the ex-U.S. group posting a very small improvement:
Oil prices posted the biggest decline over the last week, while natural gas prices remain at the bottom of the barrel from a monthly perspective:
The U.S. dollar is the only currency that managed to stay in positive territory this week, and it’s also the best performer from a monthly perspective as well:
*All data as of market close 7/31/2014.
Follow me on Twitter @Sbojinov
[For more ETF analysis, make sure to sign up for our free ETF newsletter]
Disclosure: No positions at time of writing.