Bullish pressures returned to Wall Street, following a choppy
finish to the week prior. Major equity indexes were able to rebound
modestly after investors digested better-than-expected retail sales
data along with upbeat Philly Fed numbers. Volatility still
permeated the markets, as investors kept a close watch on
developments between Ukraine and Russia. On the earnings front,
this season is off to a fairly soft start seeing as how many
bellwethers set low expectations during the last round of earnings,
thereby making it less likely that they’ll post disappointing
results this time around.
To help investors keep up with markets, we present our ETF
Scorecard, which takes a step back and looks at how various asset
classes across the globe are performing. For most of the return
comparisons below, we reference trailing 1-week as well as trailing
1-month returns; this offers a good insight of the prevailing
sentiment in the markets by capturing the performance across a
short-term as well as longer-term time interval [for more ETF news
and analysis subscribe to our free newsletter].
Risk Appetite Review
Investors’ risk appetite grew amid the rebound this week, and
riskier securities took the lead after enduring steeper selling
pressures than their lower-volatility counterparts the week
prior.
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([
['Ticker', '5-Day Return', {role: 'style'}], ['S&P 500 (SPY)',
1.76, 'blue'], ['Equal Weight (RSP)', 1.59, 'orange'], ['High Beta
(SPHB)', 2.69, 'red'], ['Low Volatility (SPLV)', 1.55, 'green'],
]); var formatter = new google.visualization.NumberFormat( {suffix:
"%"}); formatter.format(data,1); // Create and draw the
visualization. new
google.visualization.BarChart(document.getElementById('visualization99607')).
draw(data, {title:"Comparing Risk Preferences", width:700,
height:400, vAxis: {title: ""}, hAxis: {title: ""}} ); }
google.setOnLoadCallback(drawVisualization); Major Index Review
Emerging markets remain in the lead after kicking off 2014 on
very weak footing; developed market securities did manage to
rebound this week, but they still remain well behind the
broad-based EEM when comparing trailing monthly returns.
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([ ['Index',
'1-Week Return', '1-Month Return'], ['S&P 500 (SPY)', 1.76,
-0.29], ['Nasdaq 100 (QQQ)', 1.29, -4.31], ['Dow 30 (DIA)', 1.41,
0.45], ['Russell 2000 (IWM)', 0.86, -4.99], ['Developed Markets
(EFA)', 1.29, 3.42], ['Emerging Markets (EEM)', 0.43, 8.44], ]);
var formatter = new google.visualization.NumberFormat( {suffix:
"%"}); formatter.format(data,1); formatter.format(data,2); var
options = { title:"Comparing Major Equity Benchmarks", width:700,
height:400, hAxis: {title: ""}, }; // Create and draw the
visualization. new
google.visualization.ColumnChart(document.getElementById('visualization99608')).
draw(data, options); } google.setOnLoadCallback(drawVisualization);
Domestic Sector Review
The energy sector took the lead this week by a fairly wide
margin, managing to soar to all-time highs while the rest of the
group trailed behind, with the industrials sector taking the number
two spot.
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([ ['Index',
'1-Week Return', '1-Month Return'], ['Discretionary (XLY)', 1.05,
-3.52], ['Financials (XLF)', 1.49, -2.41], ['Energy (XLE)', 4.61,
6.88], ['Utilities (XLU)', 1.37, 5.22], ['Staples (XLP)', 1.54,
2.61], ['Technology (XLK)', 1.15, -1.32], ['Health Care (XLV)',
1.16, -3.98], ['Materials (XLB)', 1.93, -0.17], ['Industrials
(XLI)', 2.57, 2.11], ]); var formatter = new
google.visualization.NumberFormat( {suffix: "%"});
formatter.format(data,1); formatter.format(data,2); var options = {
title:"Comparing Sectors", width:700, height:400, hAxis: {title:
""}, colors: ["purple", "limegreen"] }; // Create and draw the
visualization. new
google.visualization.ColumnChart(document.getElementById('visualization99615')).
draw(data, options); } google.setOnLoadCallback(drawVisualization);
Foreign Equity Review
Brazil’s equity market remains in the lead, although profit
taking pressures have eaten away some of the stellar gains seen
last week; the rest of the BRIC nations are tied for the number two
spot when considering monthly returns.
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([ ['Index',
'1-Week Return', '1-Month Return'], ['Brazil (EWZ)', 1.24, 14.51],
['Russia (RSX)', 3.14, 8.6], ['India (EPI)', 0.84, 8.5], ['China
(FXI)', -2.34, 8.55], ['Japan (EWJ)', 3.14, 2.29], ['Australia
(EWA)', 0.19, 6.7], ['Germany (EWG)', 0.55, 1.84], ['United Kingdom
(EWU)', 1.31, 3.47], ]); var formatter = new
google.visualization.NumberFormat( {suffix: "%"});
formatter.format(data,1); formatter.format(data,2); var options = {
title:"", width:700, height:400, title: "Geographic Review:
Comparing Single Countries", colors: ["green", "orange"] }; //
Create and draw the visualization. new
google.visualization.ColumnChart(document.getElementById('visualization99612')).
draw(data, options); } google.setOnLoadCallback(drawVisualization);
Fixed-Income Review
Bond yields across the board inched higher as investors
generally favored equities in lieu of fixed income securities amid
the rebound on Wall Street this week.
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([ ['Index',
'This Weeks Yield'], ['Treasury (GOVT)', 0.98], ['Total Market
(AGG)', 2.21], ['Munis (MUB)', 2.95], ['Mortgage (MBB)', 1.24],
['TIPS (TIP)', 1.04], ['AAA (LQD)', 3.65], ['Junk (HYG)', 5.90],
['EM Markets (EMB)', 4.62], ]); var formatter = new
google.visualization.NumberFormat( {suffix: "%"});
formatter.format(data,1); // Create and draw the visualization. new
google.visualization.ColumnChart(document.getElementById('visualization99630')).
draw(data, {title:"Fixed-Income Review: Comparing Yields",
width:700, height:400, hAxis: {title: ""}} ); }
google.setOnLoadCallback(drawVisualization); Alternatives Review
Commodities
Precious metals endured a red week as investors jumped back over
to riskier assets, namely equities. From a monthly perspective,
energy commodities remain the leaders, followed closely by
copper.
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([ ['Index',
'1-Week Return', '1-Month Return'], ['Gold (GLD)', -1.78, -2.43],
['Silver (SLV)', -2.02, -3.28], ['Copper (JJC)', 0.19, 4.19], ['Oil
(USO)', 1.32, 5.93], [' Natural Gas (UNG)', 2.02, 8.27],
['Agriculture (DBA)', 0.35, 2.74], ]); var formatter = new
google.visualization.NumberFormat( {suffix: "%"});
formatter.format(data,1); formatter.format(data,2); var options = {
title:"", width:700, height:400, title: "Comparing Commodities",
colors: ["salmon", "saddlebrown"] }; // Create and draw the
visualization. new
google.visualization.ColumnChart(document.getElementById('visualization99618')).
draw(data, options); } google.setOnLoadCallback(drawVisualization);
Currencies
Despite volatility arising from fears of the intensifying
conflict between Ukraine and Russia, the currency market was fairly
quiet this week as there were no major central bank
announcements.
google.load('visualization', '1', {packages: ['corechart']});
function drawVisualization() { // Create and populate the data
table. var data = google.visualization.arrayToDataTable([ ['Index',
'1-Week Return', '1-Month Return'], [' U.S. Dollar (UUP)', 0.52,
-0.6], ['Euro (FXE)', -0.5, 0.25], ['Yen (FXY)', -0.96, 0.01],
['Pound (FXB)', 0.05, 1.71], ['Aussie (FXA)', -0.83, 3.4],
['Emerging Markets (CEW)', -0.69, 2.48], ]); var formatter = new
google.visualization.NumberFormat( {suffix: "%"});
formatter.format(data,1); formatter.format(data,2); var options = {
title:"", width:700, height:400, title: "Comparing Currencies",
colors: ["skyblue", "yellowgreen"] }; // Create and draw the
visualization. new
google.visualization.ColumnChart(document.getElementById('visualization99622')).
draw(data, options); } google.setOnLoadCallback(drawVisualization);
*All data as of market close 4/17/2014.
Follow me on Twitter @SBojinov
[For more ETF analysis, make sure to sign up for our free ETF
newsletter]
Disclosure: No positions at time of writing.
Click here to read the original article on ETFdb.com.
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