Macro Overview
U.S. Size & Style
Growth styles outperformed value across the cap spectrum, led by Large Growth (IJK-style) names, as Mid Growth (IJK) gained 1.02% to top the size/style table. Large Growth (IVW) rose 0.80% and carries an RSI of 62, nearing overbought territory, while Large Value (IVE) lagged with a 0.36% gain. Small caps were mixed, as Small Value (IJS) fell 0.35% and shows an RSI of 37, approaching oversold levels, while Small Growth (IJT) advanced 0.71%. Breadth remains concentrated at the top of the market-cap spectrum, with only 26-29% of small-cap constituents trading above their 50-day moving average versus 50% for Large Growth.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Large Value (IVE) | 0.36% | -0.02% | 1.76% | 11.16% | 14.36% |
| Large Cap (IVV) | 0.60% | 2.37% | 3.87% | 15.10% | 17.30% |
| Large Growth (IVW) | 0.80% | 4.34% | 5.52% | 18.15% | 19.44% |
| Mid Value (IJJ) | 0.12% | -2.84% | -3.30% | 7.84% | 10.51% |
| Mid Cap (IJH) | 0.55% | -1.21% | -2.70% | 12.14% | 14.27% |
| Mid Growth (IJK) | 1.02% | 0.34% | -2.16% | 16.09% | 17.78% |
| Small Value (IJS) | -0.35% | -3.96% | -3.46% | 14.69% | 19.29% |
| Small Cap (IJR) | 0.17% | -3.26% | -5.10% | 15.40% | 18.13% |
| Small Growth (IJT) | 0.71% | -2.56% | -6.85% | 15.79% | 16.72% |
U.S. Sectors & Industries
Real Estate (XLRE) led all sectors with a 1.86% gain, followed closely by Health Care (XLV) at 1.58%, which extended its 1-year return to 20.43%. Consumer Discretionary (XLY) and Financials (XLF) each rose over 0.9%, rounding out a broadly positive session for cyclicals. Communication Services (XLC) was the lone decliner, down 1.51%, pressured by sharp losses in telecom names following SpaceX’s spectrum acquisition announcement. Technology (XLK) added a more modest 0.51% but remains the year’s standout performer with a 38.56% YTD gain and an RSI of 61, while Energy (XLE) slipped 0.25% despite leading all sectors over the trailing three months at 19.44%.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| S&P 500 (SPY) | 0.60% | 2.37% | 3.83% | 15.07% | 17.25% |
| Real Estate (XLRE) | 1.86% | -3.35% | -5.14% | 5.58% | 4.70% |
| Health Care (XLV) | 1.58% | 2.93% | 5.73% | 11.70% | 20.43% |
| Consumer Discretionary (XLY) | 1.02% | 0.57% | -3.21% | -4.91% | -3.26% |
| Financials (XLF) | 0.92% | -3.75% | -1.11% | 1.14% | 4.25% |
| Utilities (XLU) | 0.83% | -2.85% | -7.57% | -0.98% | -5.96% |
| Technology (XLK) | 0.51% | 5.93% | 7.37% | 38.56% | 37.69% |
| Industrials (XLI) | 0.50% | -1.21% | -6.30% | 9.97% | 11.66% |
| Materials (XLB) | 0.32% | -3.37% | -1.20% | 10.39% | 13.49% |
| Consumer Staples (XLP) | 0.01% | 1.12% | 0.94% | 9.48% | 9.85% |
| Energy (XLE) | -0.25% | 0.25% | 19.44% | 48.44% | 52.53% |
| Communication Services (XLC) | -1.51% | -0.09% | 0.20% | -5.39% | -2.77% |
Global Thematic
Cybersecurity and biotech themes dominated the leaderboard, with the WisdomTree Cybersecurity Fund (WCBR) climbing 4.94% and the Global X Cybersecurity ETF (BUG) up 4.46%. Genomics exposure also drew bids, as the Global X Genomics & Biotechnology ETF (GNOM) gained 4.44% and the iShares Genomics Immunology and Healthcare ETF (IDNA) rose 4.33%. On the downside, the iShares MSCI Agriculture Producers ETF (VEGI) fell 2.36% and the iShares U.S. Home Construction ETF (ITB) declined 1.29%, reflecting pressure on rate-sensitive and agricultural-linked themes. Drone and defense-adjacent funds also lagged, with the Defiance Drone and Modern Warfare ETF (JEDI) down 1.26%.
| Name (Ticker) | 1-Day |
|---|---|
| Leaders | |
| WisdomTree Cybersecurity Fund (WCBR) | 4.94% |
| Global X Cybersecurity ETF (BUG) | 4.46% |
| Global X Genomics & Biotechnology ETF (GNOM) | 4.44% |
| iShares Genomics Immunology and Healthcare ETF (IDNA) | 4.33% |
| Amplify Cybersecurity ETF (HACK) | 4.32% |
| Laggards | |
| iShares MSCI Agriculture Producers ETF (VEGI) | -2.36% |
| iShares U.S. Home Construction ETF (ITB) | -1.29% |
| Defiance Drone and Modern Warfare ETF (JEDI) | -1.26% |
| REX Drone ETF (DRNZ) | -1.03% |
| VanEck Agribusiness ETF (MOO) | -0.98% |
Developed ex-U.S. & Emerging Markets
Within developed markets, Hong Kong (EWH) led with a 1.57% gain, followed by Australia (EWA) at 1.38% and Canada (EWC) at 1.22%, while France (EWQ) posted the smallest advance at 0.48% amid a steeper 5.52% YTD decline. Emerging markets showed stronger single-day momentum, with China (MCHI) up 2.32% and Brazil (EWZ) up 2.23%, the latter extending its three-month surge to 24.54%. Indonesia (EIDO) and South Africa (' target='_blank'>EZA) both gained near 1.9%, though Indonesia remains down 35.28% year-to-date. South Korea (EWY) and Taiwan (EWT) continue to stand out on a longer horizon, up 82.31% and 79.93% year-to-date respectively, underscoring a bifurcated emerging-markets landscape.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Developed Markets ex-U.S. | |||||
| Developed ex-U.S. (EFA) | 0.68% | -2.97% | -0.50% | 9.37% | 13.80% |
| Australia (EWA) | 1.38% | -3.38% | 1.49% | 10.83% | 9.67% |
| Canada (EWC) | 1.22% | -3.21% | 1.11% | 9.97% | 18.42% |
| France (EWQ) | 0.48% | -7.51% | -7.82% | -5.52% | -2.66% |
| Germany (EWG) | 0.71% | -4.83% | -1.40% | -1.71% | -0.75% |
| Hong Kong (EWH) | 1.57% | -2.78% | 4.01% | 5.47% | 7.33% |
| Japan (EWJ) | 0.55% | 0.89% | 4.64% | 21.85% | 25.21% |
| Netherlands (EWN) | 0.70% | -2.70% | -2.10% | 17.98% | 20.68% |
| South Korea (EWY) | 0.54% | -7.10% | -4.06% | 82.31% | 117.28% |
| Switzerland (EWL) | 0.84% | -1.66% | -5.11% | 1.41% | 7.89% |
| U.K. (EWU) | 0.63% | -2.74% | 0.24% | 7.30% | 14.35% |
| Emerging Markets | |||||
| Emerging Markets (EEM) | 1.06% | -2.45% | 0.03% | 22.71% | 26.28% |
| Brazil (EWZ) | 2.23% | 14.37% | 24.54% | 38.36% | 53.47% |
| China (MCHI) | 2.32% | -1.48% | -1.20% | -11.94% | -17.77% |
| India (INDA) | 1.03% | -5.42% | -6.10% | -14.84% | -12.84% |
| Indonesia (EIDO) | 1.89% | -9.44% | 0.76% | -35.28% | -30.76% |
| Malaysia (EWM) | 1.06% | -4.82% | -2.13% | -0.55% | 6.39% |
| Mexico (EWW) | 0.59% | -5.95% | -3.08% | 5.30% | 13.76% |
| South Africa (EZA) | 1.82% | -10.53% | 0.82% | -5.30% | 5.64% |
| Taiwan (EWT) | 0.86% | 2.28% | 8.81% | 79.93% | 84.45% |
| Thailand (THD) | 0.62% | -4.30% | -0.58% | 22.82% | 23.97% |
Fixed Income
Fixed income was largely directionless, with Core bonds (AGG) and the Core Enhanced fund (IUSB) both near unchanged as Treasury yields held near multi-decade highs. Long-Term Treasuries (BLV) edged up 0.03% on the day but remain down 6.19% year-to-date, reflecting the ongoing pressure on duration from the bond-market rout. Credit segments outperformed rates, as Convertible bonds (CWB) rose 0.81% and High Yield (HYG) added 0.12%. Municipal bonds showed relative strength, with the Long-Term fund (MLN) up 0.43%, even as most intermediate and long-duration categories remain negative for the year.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Multisector | |||||
| Long-Term (BLV) | 0.03% | -3.73% | -5.71% | -6.19% | -6.64% |
| Core Enhanced (IUSB) | 0.00% | -1.83% | -2.52% | -2.10% | -1.20% |
| Short-Term (BSV) | -0.04% | -0.59% | -0.59% | -0.10% | 0.99% |
| Core (AGG) | -0.04% | -1.82% | -2.64% | -2.38% | -1.55% |
| Government | |||||
| Long-Term (SPTL) | 0.13% | -4.04% | -6.07% | -6.86% | -7.44% |
| Ultrashort (BIL) | 0.04% | 0.34% | 0.95% | 2.81% | 3.71% |
| Short-Term (SPTS) | 0.00% | -0.19% | 0.07% | 0.75% | 1.77% |
| Intermediate (SPTI) | -0.07% | -1.54% | -2.28% | -2.58% | -1.62% |
| Inflation Protected (TIP) | -0.10% | -2.23% | -2.71% | -1.75% | -1.91% |
| Specialty | |||||
| Convertible (CWB) | 0.81% | -2.30% | -4.03% | 14.44% | 10.75% |
| High Yield (HYG) | 0.12% | -1.78% | -1.72% | 0.13% | 1.85% |
| Mortgage Backed (MBB) | 0.07% | -2.24% | -3.20% | -2.59% | -1.23% |
| Preferred Stock (PFF) | 0.03% | -2.12% | -2.42% | -1.26% | -1.53% |
| Corporate (SPIB) | -0.03% | -1.19% | -1.71% | -1.12% | 0.04% |
| Bank Loans (BKLN) | -0.10% | -0.03% | 1.85% | 2.17% | 4.56% |
| International & EM | |||||
| Emerging Local (EMLC) | 0.24% | -2.38% | -0.80% | 0.84% | 4.19% |
| Emerging USD (EMB) | 0.23% | -2.71% | -3.69% | -1.48% | 1.02% |
| International USD (BNDX) | 0.11% | -0.29% | -1.43% | -0.69% | -0.49% |
| International Local (IGOV) | 0.03% | -3.66% | -2.48% | -4.61% | -3.97% |
| Municipals | |||||
| Long-Term (MLN) | 0.43% | -3.42% | -7.11% | -4.66% | -3.64% |
| High Yield (HYD) | 0.36% | -2.15% | -5.36% | -2.96% | -0.95% |
| Intermediate (MUB) | 0.34% | -2.05% | -4.70% | -3.32% | -2.05% |
| Short-Term (SUB) | 0.17% | -0.62% | -0.71% | 0.12% | 0.84% |
Explore the related Explorers: Taxable → · Municipal → · Specialty →
Commodities
Precious and industrial metals led commodity markets, with Platinum (PPLT) climbing 2.90%, Silver (SLV) up 2.49%, and Copper (CPER) gaining 2.15%. Gold (GLD) added 1.57% despite remaining down 2.96% year-to-date, while broad industrial metals via (DBB) rose 1.62%. Energy was mixed, as WTI Crude (USO) and Brent Crude (BNO) gained 0.42% and 0.55% respectively as crude held above $100 a barrel amid geopolitical caution over Iran, while agricultural commodities lagged, with Corn (CORN) falling 2.85% and Wheat (WEAT) down 1.41%. Broad Commodities (DJP) remain up a substantial 39.09% year-to-date, reflecting the sustained strength across the energy and metals complex.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Broad Commodities (DJP) | 0.19% | -0.63% | 15.58% | 39.09% | 46.04% |
| Agriculture | |||||
| Sugar (CANE) | 0.58% | 3.79% | 20.86% | 23.53% | 16.26% |
| Soybeans (SOYB) | 0.51% | -0.47% | 9.68% | 25.94% | 26.05% |
| Broad (DBA) | -0.04% | -2.31% | 2.24% | 11.01% | 10.78% |
| Wheat (WEAT) | -1.41% | -7.12% | 5.90% | 22.23% | 19.36% |
| Corn (CORN) | -2.85% | -7.11% | 6.78% | 3.89% | 5.56% |
| Energy | |||||
| Natural Gas (UNG) | 1.85% | 9.12% | 1.66% | -10.20% | -13.58% |
| Brent Crude (BNO) | 0.55% | 7.87% | 51.74% | 125.95% | 116.11% |
| WTI Crude (USO) | 0.42% | -1.18% | 35.95% | 114.29% | 104.39% |
| Broad (DBE) | -0.66% | 3.82% | 38.96% | 116.26% | 108.96% |
| Industrial Metals | |||||
| Copper (CPER) | 2.15% | -1.80% | 6.78% | 15.30% | 27.28% |
| Broad (DBB) | 1.62% | -4.30% | 2.65% | 9.68% | 21.32% |
| Precious Metals | |||||
| Platinum (PPLT) | 2.90% | -11.08% | 4.31% | -18.20% | 3.27% |
| Silver (SLV) | 2.49% | -9.78% | 1.18% | -14.96% | 22.52% |
| Broad (DBP) | 1.90% | -6.12% | 1.52% | -6.49% | 7.92% |
| Gold (GLD) | 1.57% | -4.65% | 1.69% | -2.96% | 5.24% |
| Palladium (PALL) | 1.37% | -15.47% | -8.50% | -28.57% | -19.76% |
Cryptocurrency
Digital asset funds were mixed and relatively subdued compared to broader markets, with XRP (XRP) leading gainers at 1.05% and Bitcoin (IBIT) adding 0.63%. Ethereum (ETHA) rose a modest 0.52%, while Solana (SOLZ) was the lone decliner, down 0.74%. Despite the day’s modest moves, most crypto-linked funds remain sharply negative over the trailing year, with Solana down 52.11% and Ethereum off 43.12%, highlighting the sector’s continued underperformance relative to traditional equity and commodity markets. Three-month trends tell a different story, however, with Ethereum up 41.50% and Solana up 37.95% over that period, suggesting a recent stabilization.
What to Watch Today
Monday, October 12 brings a quiet economic calendar with no major U.S. data releases scheduled, and bond markets will be closed for the Columbus Day holiday while equity markets remain open. Fed Governor Hammack is slated to speak at 4:50 PM ET, offering the day’s primary scheduled catalyst. No earnings are due before the open or after the close on Monday. Investors should note that the pace of events picks up materially on Tuesday, October 13, with several major banks reporting earnings, ahead of Wednesday’s consumer and producer price data releases later in the week.
U.S. equities extended their record-setting week, with the S&P 500 (IVV) adding 0.60% to push its year-to-date gain to 15.10%. International markets outpaced the domestic benchmark, as Developed ex-U.S. (EFA) rose 0.68% and Emerging Markets (EEM) led the trio with a 1.06% advance, lifting its 2026 return to 22.71%. Fixed income was essentially flat, with the U.S. Aggregate Bond (AGG) slipping 0.04% as Treasury yields held elevated. Broad Commodities (DJP) edged up 0.19%, masking a sharp intraday move in precious metals that stood out as the day’s clearest outlier, with silver and platinum both posting gains above 2%.