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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 managed to rebound nicely since last week thanks to growing optimism following the latest Fed policy meeting. Policymakers brought out the bulls on Wall Street after dropping the word “patient” from their official statement; but perhaps more importantly, investors embraced the fact that the Fed lowered its GDP growth and inflation targets, thereby signaling that a rate hike would not come sooner-than-expected as some had previously feared. On the data release front, investors digested lackluster housing data, including a worse-than-expected home builders’ index and weak February housing starts.
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Risk Appetite Review
Risk is back on following last week’s slump on Wall Street, as evidenced by High Beta names taking the lead, albeit not by much:
Major Index Review
The Nasdaq and Emerging Markets posted the biggest returns over the past week, although the latter remains at the bottom of the barrel from a monthly perspective:
Domestic Sector Review
The health care sector took the lead this past week and is also the strongest performer from a monthly perspective by a fairly wide margin:
Foreign Equity Review
Over the past week, China was the biggest winner by far while India posted the biggest loss:
Commodities Review
Silver and natural gas prices increased the most over the past week while crude oil was the biggest loser by far:
Currency Review
When considering monthly returns, the U.S. dollar continues to reign supreme while the euro and British pound remain at the bottom of the barrel:
Please note that data is updated as of market close March 19th.
Follow me on Twitter @Sbojinov
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Disclosure: No positions at time of writing.
