Megaphone icon ETF Database is now VettaFi. Read More >
ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Nasdaq Investment Intelligence
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETF Scorecard: December 9 Edition
News
Share

ETF Scorecard: December 9 Edition

Iuri StrutaDec 09, 2016
2016-12-09

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. The weekly performance is from last Friday’s open to this week’s Thursday close.

  • As widely expected, Italy’s constitutional referendum has been defeated by a large margin, and Prime Minister Matteo Renzi announced his resignation. Now, investors should either expect snap elections or a new government, depending on whether the main political parties find common ground. To find out how the referendum affected the financial markets, read Italy Votes ‘No’: Analyzing the Referendum and Trending: Italy’s Failed Referendum Could Throw Europe Into the Abyss.
  • The Federal Reserve is expected to have its last meeting of the year next week. It is broadly anticipated that the Fed will hike interest rates, with the markets believing there is a 100% probability of such an outcome.
  • Across the Atlantic, the European Central Bank already had its last meeting of 2016. The central bank sent mixed signals about its monetary policy, reducing its bond-buying program from €80 billion to €60 billion, but fiercely denying this was tapering. ECB President Mario Draghi also said the QE is essentially open-ended in nature, although it was officially extended by one year until December 2017.
  • The U.S. economy added 178,000 new jobs in November, slightly beating consensus of 170,000. However, the October figure was revised down to 142,000 from 161,000. The unemployment rate dropped like a stone to 4.6% from 4.9%, while average hourly earnings fell 0.1%.
  • ISM non-manufacturing index in the U.S. rose to 57.2 in November from 55.5 in the prior month.
  • The U.S. trade balance deteriorated in November compared to the previous month, but the overall trend points to a slight improvement. The trade deficit, which is the difference between exported and imported goods, came in at $42.6 billion, slightly below expectations of $42 billion.
  • In Britain, manufacturing production dropped by 0.9% in October. Analysts had expected a 0.2% increase.
  • U.S. crude oil inventories fell by 2.4 million barrels in the past week.
  • There were about 5.5 million job openings in the U.S. in October compared to 5.6 in the previous month.
  • Chinese trade surplus narrowed to 298 billion yuan in November from 325 billion last month. Analysts had expected a trade surplus of 307 billion yuan.

Risk Appetite Review

  • After a small pause last week, the broad market (SPY A) has risen as much as 2.49% in the past five days on improving economic data across the board and unwavering optimism about a Trump presidency.
  • High Beta (SPHB B-) was the best performer of the pack, rising 4.69%.
  • Low Volatility (SPLV A) was the worst performer, advancing just 1.70%.

Content continues below advertisement

Major Index Review

  • Markets were all consistently up for the week.
  • iShares Russell 2000 Index (IWM B+) is having a rarely seen bull run, jumping 5.42% in the last week alone. For the rolling month, the small-cap index is up 16.69%, the incontestable leader of the pack. The reason for this performance is the unwavering optimism stemming from President-elect Trump’s promise to adopt policies favoring small-cap U.S. firms.
  • Dow Jones (DIA A-) was the worst performer this week after leading the bunch last week. The index has jumped 2.28% since last Thursday.
  • Emerging markets (EEM A-) was the only loser for the rolling month, falling 1.89%, hurt by negative Trump rhetoric.

Foreign Equity Review

  • Foreign markets were all up for the week.
  • Russia (RSX B+) is again the best performer of the week and the clear leader for the rolling month, in no small part because of Trump’s stated intentions to improve relations with Russia. Economic sanctions could be relieved as a result and possibly boost the Russian output. The OPEC deal to cut oil production and the ensuing rally in oil prices also had a positive effect on the Russian stock market. (RSX B+) is up 6.35% this week and 14.79% for the rolling month.
  • The worst performer is China, with the (FXI A-) index jumping just 1.21%, as investors’ eyes turned to a potential diplomatic conflict between the country and the U.S. after Trump had a formal call with Taiwan’s leadership.
  • For the rolling month, Brazil (EWZ B+) has lost 10.49%, representing the worst performance, on fears of a new political scandal potentially leading to a delay of market-oriented reforms. To find out more about ETFs exposed to individual countries, use our ETF Country Exposure Tool. Select a particular country from the world map and get a list of all ETFs tracking your pick.

Commodities Review

  • Commodities were mixed for the week.
  • Natural gas (UNG B-) is leading the commodities pack for the second week in a row, with a 6.84% advance. The commodity was boosted by lower inventories, with the U.S. Energy Information reporting the stockpiles fell by 42 billion cubic feet during the week ending December 2. For the rolling month, (UNG B-) is up a staggering 29.6%. (UNG B-) has benefited from expectations of cold weather in the U.S. over the next two weeks.
  • Surprisingly, (USO A) is the worst performer of the week, down 0.79%, largely because both OPEC and Russia reported record-high production. Investors started to become skeptical whether the cartel will be able to enforce a deal to cut as much as 1.2 billion barrels per day.
  • Gold (GLD A-) is the worst performer for the rolling month, down 8.64% on expectations of higher interest rates in the U.S. Use our Head-to-Head Comparison Tool to compare two commodity ETFs, such as (USO A) and (GLD A-), on a variety of criteria such as performance, AUM, trading volume and expenses.

Currency Review

  • The best performing currencies this week are emerging markets, up 1%, recovering some of the lost ground following the election of Trump in the U.S.
  • The dollar (UUP A) has again posted the best performance for the rolling month, advancing 3.4%, as the Federal Reserve prepares to hike interest rates next week. According to data from CME Group, 30-day Fed Fund futures prices suggest that markets are 100% confident the Fed will pull the trigger at its December 14 meeting. There is a 97% probability that the Federal Reserve will hike the interest rate by 50-75 basis points.
  • The British pound (FXB A-) is the worst performer this week, falling 0.52%.
  • The Japanese yen (FXY C+) lost more than any other currency this month, falling by 8.06%.

For more ETF analysis, make sure to sign up for our free ETF newsletter.

Disclosure: No positions at time of writing.

» Popular Pages

  • Tickers
  • Articles

Jun 28

China Stocks See Rally As Pandemic Restrictions Soften

Jun 28

Consider These Low-Volatility ETFs While Markets Yo-Yo

Jun 28

No Place to Hide

Jun 28

Everything to Know About Invesco’s Mid-Year Outlook

Jun 28

Invest in Carbon Reductions as Atmospheric Carbon Soars

Jun 28

Advantages of Active Fixed Income Over Passive

Jun 28

Russia Hit With More Sanctions as G7 Winds Down

Jun 28

Managed Futures Outperform In Bear Markets

Jun 28

NightShares Launches ETFs Centered on “Night Effect”

Jun 28

This Midstream ETF Benefits From Inflationary Pressures

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

SCHD

Schwab US Dividend Equity ETF...

VYM

Vanguard High Dividend Yield...

VTI

Vanguard Total Stock Market...

VGT

Vanguard Information...

ARKK

ARK Innovation ETF

TQQQ

ProShares UltraPro QQQ

XLE

Energy Select Sector SPDR...


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
  • Mission Statement
  • Press
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X