To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing.
All eyes were on the Fed this week, as the central Bank wrapped up its 2-day meeting on Wednesday. The Fed said that the economy is improving, but it will take an even more measured approach to rate hikes. Markets reacted positively with the Nasdaq closing at a record high on Thursday.
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Risk Appetite Review
Buoyed by the Fed, stocks across the board managed to log in positive returns over the trailing 5-day period. The equal weight and low volatility ETFs outperformed SPY and SPHB by roughly 0.60%.
Major Index Review
Over the trailing month, emerging markets are still the worst performer while the Russell 2000 is the biggest winner by far:
Foreign Equity Review
With the exception of China, the other emerging market single country ETFs rebounded this week, while Japan and Germany ended in the red. The U.K. ETF did, however, manage to eke out a small gain. On the month, all of these ETFs are down:
Gold prices posted the biggest gains for the week whereas copper prices saw the biggest decline from this group:
The U.S. dollar saw its bullish momentum wane once again over the past week, which helped lift the euro and British pound higher:
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Disclosure: No positions at time of writing.