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.
Major equity indexes have been grinding sideways, with a downward bias, all week as investors have remained hesitant to make big trades ahead of today’s employment report. On the data release front, investors digested worse-than-expected construction spending and motor vehicle sales data, while factory orders contracted less than previously expected. Overseas, investors rejoiced over the fact that the European Central Bank bumped up its GDP forecasts for the year.
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Risk Appetite Review
Risk appetites have declined over the past week, although not by much, seeing as how the biggest loser from this group was down less than 1%:
Major Index Review
Investors scaled back on risk across the globe, with emerging markets taking the biggest hit while the Nasdaq proved to be the most resilient:
Domestic Sector Review
The Discretionary and Health Care sectors posted the strongest returns on the week while Energy and Utilities were the biggest losers:
Foreign Equity Review
Russia and India posted the biggest gains for the week while Brazil and China were by far the biggest losers:
Natural gas and crude oil prices rebounded this week while all other commodities posted losses during the same time frame:
The Euro posted the steepest decline for the week with the Pound trailing closely behind, while the U.S. dollar was the strongest performer:
Please note that data is updated as of market close March 5th.
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Disclosure: No positions at time of writing.