//
you're reading...
Uncategorized

Super Draghi to the Rescue: Weekly Update and Sector ETF Performance

Global markets where well into a third straight weekly beating on Thursday when European Central Bank President Mario Draghi came to the rescue.

 

At a regularly scheduled policy meeting, the European Central Bank stood pat on rates, but President Draghi announced the bank would reconsidering its monetary stance and gave hints of the “do whatever it takes” speech used to during the height of the Greek crisis

 

The comments where enough to halt the selloff and indeed induced a short covering inspired rally that saw the S&P 500 gain 1.44% for the week, which brought the year to date carnage to a loss of over 6.5%.

 

Next week will be a big Central Bank watch week. Draghi himself will kick of the week with what is sure to be a highly scoped speech on Monday. Tuesday our own FOMC begins two day policy deliberations and while no action is expected, the world’s eyes and ears will be on Chairman Yellen’s announcement and press conference on Wednesday.

 

BIA Tracked ETF Performance
Week YTD
to Date 2016 2015
S&P500 SPY 1.44% -6.55% 1.24%
Dow Jones DIA 0.70% -7.54% 0.09%
Nasdaq 100 QQQ 2.91% -7.23% 9.43%
S&P Midcap MDY 1.43% -7.75% -2.51%
Rusell 2000 IWM 1.25% -9.99% -4.48%
Dow Transports IYT 1.26% -9.81% -16.92%
10 yr Treasury Yield ^TNX 2.05% 2.27%
30yr Treusury Yield ^TYX 2.82% 3.02%
MSCI – International EFA 2.29% -7.22% -0.99%
Japan EWJ 0.98% -6.85% 9.19%
Currency Hedged Japan HEWJ 2.81% -8.09% 9.65%
Europe VGK 2.23% -7.24% -1.95%
Curreny Hedged Europe HEDJ 4.57% -5.20% 5.78%
Germany EWG 2.33% -7.67% -2.78%
Euro FXE -1.15% -0.72% -10.69%
Yen FXY -1.51% 1.14% -0.71%
Emerging Market VWO 2.82% -9.60% -15.83%
Currency Hedged Emerging Mkt HEEM 2.09% -7.30% -10.07%
Aggregate Bond AGG -0.08% 0.77% 0.48%
Short Term Treasury SHY 0.01% 0.46% 0.43%
3-7 yr Tsy IEI -0.07% 1.42% 1.63%
7-10 yr Tsy IEF -0.11% 2.16% 1.51%
20 yr Tsy TLT 0.07% 3.95% -1.79%
Inflation Protected TSY TIP -0.26% 0.25% -1.76%
Short Term Municipal SHM -0.04% 0.25% 1.20%
Municipal MUB -0.04% 0.53% 2.91%
Municipal TFI 0.24% 0.98% 3.39%
Investment Grade Corp LQD -0.53% -0.41% -1.26%
1-3 yr corporate CSJ 0.03% 0.11% 0.63%
Hi Yield JNK 0.70% -2.80% -6.76%
Gold GLD 0.88% 3.49% -10.67%
Gold Miners GDX -0.46% -5.03%
Junior Gold Miners GDXJ -1.39% -7.86%
Silver SLV 1.06% 1.44%
Hard Assett HAP 2.70% -7.48% -19.89%
Agriculture MOO 0.61% -7.51% -8.91%
Energy XLE 2.56% -7.59% -21.50%
Financials XLF -0.65% -10.70% -1.77%
Natural Resources IGE 2.94% -9.31% -24.56%
Utilities XLU 0.90% 1.20% -4.92%
Materials XLB 0.68% -11.31% -8.69%
Consumer Staples XLP 2.05% -2.38% 6.88%
Consumer Discretionary XLY 2.53% -6.21% 9.90%
Healthcare XLV 1.47% -5.80% 6.84%
Industrial XLI -0.02% -8.24% -4.33%
Metals & Miners XME 0.90% -17.53% -50.53%
REITs (Real Estate Inv Trsts) VNQ 1.11% -4.16% 2.43%
MLPs (Mastr Lmtd Prt) AMLP 1.12% -17.68% -27.32%
China FXI 3.12% -12.92% -12.91%
China A shares ASHR 3.40% -16.23%
Hong Kong EWH -0.96% -11.30% -1.20%
Brazil EWZ -1.36% -12.57% -41.45%
Russia RSX 8.15% -8.53% 3.75%
India EPI 0.44% -8.36% -8.90%

 

Click here to visit Barnhart Investment Advisory Website

Click here to schedule introductory phone call with Barnhart Investment Advisory

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.

 

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Receive notifications of new posts by email.

To subscribe enter your e-mail address and then activate via a confimation e-mail sent to the address provided.

%d bloggers like this: