Major equity indexes rose higher this week thanks to a number of encouraging data releases. With earnings season now behind us, investors cheered on upbeat economic data, including better-than-expected durable goods orders and consumer confidence on Tuesday, improving weekly jobless claims on Thursday, while the worse-than-expected U.S. GDP revision didn’t get much attention.
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 performance across short-term and longer-term time intervals [for more ETF news and analysis subscribe to our free newsletter].
Risk Appetite Review
The bulls returned to Wall Street and investors’ risk appetite increased as evidenced by High Beta stocks leading the charge higher:
Major Index Review
The Nasdaq and Russell 2000 are in the lead since last week, further showcasing investors’ willingness to take on more risk:
Domestic Sector Review
Every sector enjoyed a positive performance over the past week; from a monthly perspective, Utilities are the biggest laggard and only sector in red territory:
There were not any material changes in sector valuations, although energy was the only sector whose P/E contracted from last week:
Foreign Equity Review
Developed markets took the lead from a weekly perspective, although when considering one-month ago returns, Russia and India are outperforming the rest of the pack by a wide margin:
Nearly all of the regions saw their P/Es rise over the past week, except for Latin America and the Middle East whose valuations experienced minor contractions:
Bond yields inched slightly lower as investors gradually moved back into various corners in the fixed income space:
Natural gas was by far the biggest winner over the past week while bearish pressures kept a lid on the precious metals corner, sending gold and silver prices lower for the week:
Currency returns were all over the board from a one-week ago perspective; the Aussie dollar was the biggest winner while the British pound was the biggest loser:
*All data as of market close 5/29/2014.
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Disclosure: No positions at time of writing.