A lot has happened so far in the fourth quarter, especially over the last few weeks, so below is an updated look at recent performance numbers for key ETFs across all asset classes. Pretty much everything equity related has gained over the last two trading days. The major US indices are all up roughly 2.5%, while the best sectors have been Materials, Technology and Consumer Discretionary. Utilities, Telecom and Health Care have lagged. Globally, the best performers have been Japan, Mexico and Russia. India has been the weakest country over the last two days with a gain of just 0.02%. As stocks have bounced, Treasuries have obviously pulled back. The 20-Year+ Treasury ETF (TLT) has been the worst performer in the entire matrix over the last two trading days with a decline of 0.65%.
Looking at quarter-to-date numbers, stocks in the US remain down. The S&P 500 tracking SPY ETF is down 3.36% in the fourth quarter, while DIA and QQQ are down even more. Technology and Telecom are down the most of any sectors so far this quarter with respective declines of 7.82% and 8.66%.
Outside of the US, quite a few countries have posted nice gains this quarter. China, Hong Kong, Italy, France and Australia are all up more than 1% QTD.
Source: Bespoke Investment Group
