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Investments and Planning

Weekly Review and Sector ETF Performance

Featured Image -- 2218Weekly Review

 

The highly anticipated if hardly dramatic FOMC meeting on Tuesday yielded the expected bump in the federal funds rate by twenty-five basis points.  An indication of the potential for three hikes on 2017 was somewhat noteworthy, but then one should remember last December’s rate hike came with the pronouncement of an expected four hikes for this year. It is probably wise to see how markets (not economY) fully digests the current change before handicapping 2017.

As for the initial aftermath the S&P 500 was down slightly ,-o.6% while holding on to a total return of 12.76% for the year.  The ten-year treasury yield continued its rise, finishing the week at 2.6%, a level not seen since January of 2014.  This resulted in a -0.57% decline in the iShares US  Aggregate Bond ETF (AGG)  which is now off about -4.4% on a total return basis since early July.

Not surprisingly the U.S. Dollar surged, which further hurt gold.  The SPDR Gold Shares ETF (GLD) dropped more than 2% for the week, but thanks to a strong performance early in the year is still up 6.5% year to date.

A Look Ahead

 

Next week is pretty quiet on the economic calendar. The Bank of Japan concludes a meeting on Tuesday, but not much else before holiday trading takes over. While such trading is often quiet it should always be noted that light trading volumes sometimes lead to exaggerated market moves.

Weekly Sector ETF Performance

 

BIA Tracked ETF and Fund Performance
Week Ended Dec 16, 2016 ytd Weekly
2016 16-Dec
S&P500 SPY 12.76% -0.06%
Dow Jones DIA 16.77% 0.47%
Nasdaq 100 QQQ 8.11% 0.38%
S&P Midcap MDY 20.94% -1.39%
Russell 2000 IWM 22.05% -1.74%
Dow Transports IYT 23.83% -2.45%
10 yr Treasury Yield ^TNX 2.27% 2.60%
30yr Treasury Yield ^TYX 3.02% 3.18%
MSCI – International EFA 1.03% -1.00%
Japan EWJ 4.20% -2.20%
Currency Hedged Japan HEWJ 1.16% 0.03%
Europe VGK -1.53% -0.21%
Curreny Hedged Europe HEDJ 8.85% 1.06%
Germany EWG 2.19% 0.15%
Euro FXE -4.63% -1.08%
Yen FXY 1.48% -2.25%
Emerging Market VWO 11.23% -2.86%
Currency Hedged Emerging Mkt HEEM 7.06% -2.35%
Aggregate Bond AGG 1.20% -0.57%
Short Term Treasury SHY 0.56% -0.24%
3-7 yr Tsy IEI 0.42% -0.69%
7-10 yr Tsy IEF -0.43% -0.91%
20 yr Tsy TLT -1.16% -0.31%
Inflation Protected TSY TIP 2.54% -1.52%
Short Term Municipal SHM -0.81% 0.04%
Municipal MUB -1.48% -0.56%
Municipal TFI -1.57% -0.84%
Investment Grade Corp LQD 4.20% -0.52%
1-3 yr corporate CSJ 1.22% -0.30%
Hi Yield JNK 13.37% -0.47%
Gold GLD 6.50% -2.13%
Gold Miners GDX 39.07% -7.69%
Junior Gold Miners GDXJ 55.44% -12.64%
Silver SLV 15.77% -4.38%
Hard Asset HAP 25.02% -1.94%
Agriculture MOO 12.17% -2.14%
Energy XLE 30.72% 0.41%
Financials XLF 23.40% -1.18%
Natural Resources IGE 31.77% -0.60%
Utilities XLU 15.70% 1.92%
Materials XLB 18.50% -1.45%
Consumer Staples XLP 5.66% 0.77%
Consumer Discretionary XLY 7.01% -1.92%
Healthcare XLV -1.86% 1.50%
Industrial XLI 19.95% -2.19%
Metals & Miners XME 111.70% -5.41%
REITs (Real Estate Inv Trsts) VNQ 6.47% -0.70%
MLPs (Mastr Lmtd Prt) AMLP 13.23% 1.47%
China FXI 1.34% -5.26%
China A shares ASHR -14.40% -5.86%
Hong Kong EWH 2.68% -3.16%
Brazil EWZ 53.58% -3.93%
Russia RSX 44.03% 0.33%
India EPI 3.00% -1.89%
Ivy Asset Strategy – Inst. -5.05% 0.00%
Pimco All Asset – Inst. 12.19% -0.70%
Pimco All Asset All Auth – Inst. 12.34% -0.62%
James Golden Rainbow Fd 3.93% -0.65%
Vanguard SP500 Index Fd 12.72% -0.03%
Vanguard Balanced Fd 8.71% -0.38%
Catalyst Macro Strategy – Inst. -31.03% -1.35%
Cognios Market Nuetral Fd -1.44% -0.62%
Hull Tactical US ETF 7.82% -0.15%
Chiron Capital Allocation Fd 10.83% -0.46%

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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 clients and principals may hold positions in any securities mentioned in this article. Investors should conduct their own due diligence and seek the advice of a financial and/or investment professional before making any investment decisions.

 

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