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More of the Same: Weekly Update and Sector ETF Performance

Another disappointing week for the markets. The S&P 500 finished the week down 2.2% but perhaps more frustrating than the final number, was a couple of failed rallies during the week.

 

The only equity sector beating the trend was Utilities, with the Utility ETF (XLU) posting a weekly return of 0.7%.

 

Last week’s update mentioned to keep an eye out for earnings reports from JP Morgan and Wells Fargo, and low and behold while going a bit under the radar at the time an interesting post on Zero Hedge over the weekend raised the specter of the affect of falling oil prices on bank loan reserves.

 

While the post in question might be a bit on the sensational side, one can’t help but note that stocks have been trading almost lockstep with oil prices, which raises the questions of whether the collateral damage of lower oil prices is a bit more than has been advertised.

 

Morgan Stanley (Tuesday) and Goldman Sachs (Wednesday) report next week and it will be interesting to note any comments regarding exposure to recent market events.

 

In addition the European Central Bank meets next week with the consensus being that they will leave rates unchanged.

BIA Tracked ETF Performance
Week YTD
to Date 2016 2015
S&P500 SPY -2.14% -7.88% 1.24%
Dow Jones DIA -2.13% -8.18% 0.09%
Nasdaq 100 QQQ -3.05% -9.85% 9.43%
S&P Midcap MDY -2.90% -9.06% -2.51%
Rusell 2000 IWM -3.59% -11.10% -4.48%
Dow Transports IYT -3.59% -10.93% -16.92%
10 yr Treasury Yield ^TNX 2.03%
30yr Treusury Yield ^TYX 2.81%
MSCI – International EFA -3.04% -9.30% -0.99%
Japan EWJ -2.27% -7.76% 9.19%
Currency Hedged Japan HEWJ -2.77% -10.60% 9.65%
Europe VGK -3.19% -9.26% -1.95%
Curreny Hedged Europe HEDJ -2.40% -9.35% 5.78%
Germany EWG -2.72% -9.77% -2.78%
Euro FXE -0.03% 0.43% -10.69%
Yen FXY 0.40% 2.69% -0.71%
Emerging Market VWO -4.13% -12.08% -15.83%
Currency Hedged Emerging Mkt HEEM -2.84% -9.20% -10.07%
Aggregate Bond AGG 0.23% 0.85% 0.48%
Short Term Treasury SHY 0.21% 0.45% 0.43%
3-7 yr Tsy IEI 0.52% 1.49% 1.63%
7-10 yr Tsy IEF 0.78% 2.27% 1.51%
20 yr Tsy TLT 1.53% 3.87% -1.79%
Inflation Protected TSY TIP -0.14% 0.51% -1.76%
Short Term Municipal SHM 0.21% 0.29% 1.20%
Municipal MUB 0.04% 0.58% 2.91%
Municipal TFI -0.20% 0.74% 3.39%
Investment Grade Corp LQD -0.44% 0.11% -1.26%
1-3 yr corporate CSJ -0.05% 0.09% 0.63%
Hi Yield JNK -2.24% -3.48% -6.76%
Gold GLD -1.51% 2.58% -10.67%
Gold Miners GDX -12.03% -4.59%
Junior Gold Miners GDXJ -13.08% -6.56%
Silver SLV -2.79% 0.38%
Hard Assett HAP -4.08% -9.91% -19.89%
Agriculture MOO -2.38% -8.07% -8.91%
Energy XLE -3.03% -9.90% -21.50%
Financials XLF -3.08% -10.11% -1.77%
Natural Resources IGE -5.09% -11.90% -24.56%
Utilities XLU 0.70% 0.30% -4.92%
Materials XLB -4.52% -11.91% -8.69%
Consumer Staples XLP -1.47% -4.34% 6.88%
Consumer Discretionary XLY -2.87% -8.52% 9.90%
Healthcare XLV -1.69% -7.16% 6.84%
Industrial XLI -2.15% -8.22% -4.33%
Metals & Miners XME -11.71% -18.26% -50.53%
REITs (Real Estate Inv Trsts) VNQ -2.44% -5.22% 2.43%
MLPs (Mastr Lmtd Prt) AMLP -10.74% -18.59% -27.32%
China FXI -5.76% -15.56% -12.91%
China A shares ASHR -6.05% -18.98%
Hong Kong EWH -3.69% -10.44% -1.20%
Brazil EWZ -3.98% -11.36% -41.45%
Russia RSX -7.05% -15.43% 3.75%
India EPI -3.77% -8.76% -8.90%

 

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DISCLAIMER: Nothing in this article should be construed as a personal recommendation or advice. Nor should anything in this article be construed as an offer, or a solicitation of an offer, to sell or buy any investment security. Barnhart Investment Advisory Principal and clients may hold positions in securities mentioned above, and subject to change without notice. Consult your investment professional before investing.

Data retrieved from Yahoo Finance, Barnhart Investment Advisory makes no representation and/or guarantee as to accuracy.

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