ETF Scorecard - December 4 Edition

• U.S. markets are in the red for the week.

• Most major foreign markets, including developed and emerging markets, are down for the week.

• Janet Yellen testified about monetary policy this Thursday. The tone was hawkish, as she feels the U.S. economy is ready for a rate hike.

• The leading economic indicator, ISM Manufacturing PMI, had a disappointing figure of 48.6 vs. the consensus of 50.6 on Tuesday’s release.

• ISM Non-Manufacturing PMI released on Thursday this week also fell short of expectations. The reading stood at 55.9 vs. the consensus of 58.1.

• The IMF approved China’s renminbi as a global reserve currency this week. We wrote about the potential effects this will have on the Chinese economy and how to get exposure here.

• Mario Draghi, the chief of the ECB, announced the extension of the 60-billion-euro-a-month bond-buying program until March 2017 instead of September 2016, but the ECB did not increase the amounts of these purchases. The markets did not take this well.

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• The overall market as measured by the S&P 500 ETF (SPY A-) was slightly down at a 0.43% decrease.

• The equal weight ETF (RSP B+) was the worst performer out of the bunch, with a 0.52% loss for the week.

• The high-beta ETF (SPHB B) is down the least, with a decline of 0.35% for the week.

• All major indexes are down for the week, except the Nasdaq 100 ETF (QQQ B), which is up a modest 0.05%.

• The Emerging Markets ETF (EEM A-) is the worst performer for the week and the rolling month, with a 1.17% and 4.57% loss, respectively.

• The Russell 2000 ETF (IWM A-) is the best performer for the rolling month, with a 0.86% gain.

• All major foreign tracking ETFs are down for the week, except the Chinese ETF (FXI A), which is up 0.84%.

• The only ETF that is in the green for the rolling month is the Japanese ETF (EWJ A), with a gain of 0.73%.

• The Russian ETF (RSX B) is the worst performer for the week and rolling month, with a 5.20% and 6.68% loss, respectively.

• All commodities are down for the week and rolling month, with the exception being silver (SLV C+), which had no change for the week.

• Oil (USO B) is the worst performer for the week and rolling month, with a loss of 4.66% and 17.02%, respectively.

• The agriculture ETF (DBA A) is the one that decreased the least for the rolling month, with a loss of 2.88%.

• The U.S. dollar (UUP A) is down slightly for the week, with a loss of 0.19%. Although, it still is the top performer for the rolling month, with a gain of 2.72%.

• The Australian dollar (DBA A) is the best performer for the week, with a gain of 1.52%.

• The worst performer for the rolling month is the euro (FXE C+), which is down 3.23%. However, it did gain 0.34% this week because of the ECB announcement discussed earlier.

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Disclosure: No positions at time of writing.