Macro Overview
U.S. Equities (IVV) rose 0.88%, catching a structural bid ahead of critical inflation data later this week. Developed Ex-U.S. (EFA) climbed 0.72%, while Emerging Markets (EEM) advanced 1.97% to lead broad global equity gains. Broad Commodities (DJP) lagged significantly, dropping 1.64% on persistent energy market weakness. Fixed income saw modest gains across the duration curve as yields consolidated before the upcoming consumer price index print.
U.S. Size & Style
Growth universally outperformed Value across all market capitalizations during Monday’s session. Large Growth (IVW) paced the large-cap segment with a 1.58% gain, while Mid Growth (IJK) led the entire style box by rising 1.81%. Conversely, Small Value (IJS) was the sole laggard, slipping 0.08% and remaining technically weak with negative momentum year-to-date.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Large Growth (IVW) | 1.58% | -2.26% | -3.33% | -2.82% | 24.62% |
| Large Cap (IVV) | 0.88% | -2.26% | -0.40% | -0.52% | 19.29% |
| Large Value (IVE) | 0.07% | -2.35% | 2.99% | 2.04% | 13.38% |
| Mid Growth (IJK) | 1.81% | -2.03% | 6.62% | 6.59% | 21.79% |
| Mid Cap (IJH) | 0.98% | -4.04% | 4.63% | 4.38% | 16.95% |
| Mid Value (IJJ) | 0.11% | -6.16% | 2.58% | 2.02% | 11.91% |
| Small Growth (IJT) | 0.97% | -4.08% | 2.81% | 4.19% | 16.92% |
| Small Cap (IJR) | 0.46% | -5.02% | 3.51% | 4.32% | 18.06% |
| Small Value (IJS) | -0.08% | -5.92% | 4.15% | 4.30% | 18.91% |
U.S. Sectors & Industries
Technology (XLK) reclaimed market leadership, advancing 1.80% on renewed momentum in the semiconductor and software sub-industries. Health Care (XLV) also showed robust strength, gaining 1.02% to push its 3-Month performance back into positive territory. Financials (XLF) and Energy (XLE) faced headwinds, shedding 0.47% and 0.44% respectively, reflecting lingering pressure on traditional cyclicals.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Technology (XLK) | 1.80% | -2.50% | -5.44% | -2.92% | 28.69% |
| Health Care (XLV) | 1.02% | -1.32% | 3.30% | -0.35% | 5.15% |
| Industrials (XLI) | 0.59% | -1.59% | 11.91% | 10.20% | 29.06% |
| Materials (XLB) | 0.26% | -4.20% | 15.80% | 10.23% | 16.09% |
| Utilities (XLU) | 0.24% | 7.75% | 10.41% | 9.74% | 24.67% |
| Consumer Staples (XLP) | 0.22% | -1.67% | 11.12% | 10.67% | 6.59% |
| Real Estate (XLRE) | 0.21% | 1.73% | 7.28% | 6.52% | 4.65% |
| Consumer Discretionary (XLY) | 0.13% | -2.52% | -2.68% | -4.04% | 12.38% |
| Communication Services (XLC) | 0.09% | 0.58% | 1.33% | -0.14% | 18.64% |
| Energy (XLE) | -0.44% | 5.00% | 24.28% | 25.97% | 33.14% |
| Financials (XLF) | -0.47% | -6.69% | -5.21% | -8.11% | 3.87% |
Global Thematic
Artificial intelligence and digital infrastructure themes dominated thematic leadership, with Roundhill Generative AI & Technology (CHAT) advancing 4.98% to capture the top spot. Uranium and nuclear energy plays also caught a strong bid, evidenced by Global X Uranium (URA) climbing 4.69%. Meanwhile, cannabis-related strategies faced persistent selling pressure, as AdvisorShares Pure US Cannabis (MSOS) dropped 4.25% to lead the laggards.
| Name (Ticker) | 1-Day |
|---|---|
| Leaders | |
| Roundhill Generative AI & Technology (CHAT) | 4.98% |
| VistaShares Artificial Intelligence Supercycle (AIS) | 4.75% |
| Global X Uranium (URA) | 4.69% |
| Sprott Uranium Miners (URNM) | 4.27% |
| iShares Blockchain and Tech (IBLC) | 4.26% |
| Laggards | |
| AdvisorShares Pure US Cannabis (MSOS) | -4.25% |
| Amplify Alternative Harvest (MJ) | -2.97% |
| Amplify Seymour Cannabis (CNBS) | -2.29% |
| Alerian Energy Infrastructure (ENFR) | -1.06% |
| Global X MLP & Energy Infrastructure (MLPX) | -1.06% |
Developed ex-U.S. & Emerging Markets
South Korea (EWY) delivered a 5.65% daily gain, extending its massive 145.94% 1-Year advance and remaining well above its 50-day moving average. Broad Emerging Markets (EEM) benefitted from strength in Brazil (EWZ) and Taiwan (EWT), which rose 2.26% and 1.78% respectively. Within developed markets, the Netherlands (EWN) and Australia (EWA) posted solid upside, though European peers like Germany (EWG) advanced at a more constrained pace.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Developed Markets | |||||
| Netherlands (EWN) | 1.89% | -5.97% | 5.04% | 3.86% | 26.26% |
| Australia (EWA) | 1.87% | 0.10% | 11.41% | 10.19% | 24.75% |
| Japan (EWJ) | 1.03% | -6.19% | 6.69% | 6.07% | 27.69% |
| Developed ex-U.S. (EFA) | 0.72% | -4.81% | 5.67% | 3.08% | 21.44% |
| Germany (EWG) | 0.66% | -7.29% | -1.06% | -3.32% | 7.62% |
| U.K. (EWU) | 0.59% | -1.55% | 10.05% | 5.25% | 27.29% |
| Canada (EWC) | 0.46% | 0.60% | 7.63% | 4.97% | 42.08% |
| France (EWQ) | 0.14% | -5.94% | 0.48% | -1.76% | 8.50% |
| Hong Kong (EWH) | -0.13% | -2.53% | 10.14% | 8.89% | 33.26% |
| Switzerland (EWL) | -0.21% | -3.85% | 5.75% | 1.75% | 16.14% |
| Emerging Markets | |||||
| South Korea (EWY) | 5.65% | 6.22% | 43.28% | 37.72% | 145.94% |
| Brazil (EWZ) | 2.26% | -3.44% | 17.39% | 16.78% | 57.66% |
| South Africa (EZA) | 2.10% | -4.91% | 13.52% | 4.65% | 64.08% |
| Emerging (EEM) | 1.97% | -3.40% | 8.73% | 6.84% | 34.76% |
| Taiwan (EWT) | 1.78% | 0.00% | 12.63% | 11.38% | 44.49% |
| China (MCHI) | 1.67% | -6.94% | -4.84% | -4.00% | 4.33% |
| Thailand (THD) | 1.60% | -2.78% | 12.63% | 11.85% | 28.41% |
| Indonesia (EIDO) | 1.17% | -6.82% | -11.35% | -12.30% | -0.56% |
| Mexico (EWW) | 0.23% | -8.40% | 8.74% | 6.58% | 48.83% |
| India (INDA) | -0.02% | -6.47% | -6.18% | -7.53% | 1.83% |
| Malaysia (EWM) | -0.77% | -5.23% | 8.91% | 3.33% | 25.93% |
Fixed Income
Fixed income markets caught a structural bid, with longer-duration assets generally outperforming as investors positioned for potential macroeconomic softening. Convertible Bonds (CWB) led the specialty segment with a 1.68% advance, reflecting underlying equity market correlation. Government Long (SPTL) also trended higher, rising 0.75% to extend its year-to-date climb to 2.64%.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Multisector | |||||
| Taxable Long Term (BLV) | 0.77% | 1.42% | 2.04% | 2.21% | 5.50% |
| Taxable Core (AGG) | 0.32% | 0.59% | 1.65% | 1.21% | 6.21% |
| Taxable Core Enhanced (IUSB) | 0.30% | 0.46% | 1.53% | 1.10% | 6.35% |
| Taxable Short-Term (BSV) | 0.10% | 0.20% | 1.11% | 0.59% | 5.19% |
| Government | |||||
| Government Long (SPTL) | 0.75% | 2.01% | 2.53% | 2.64% | 4.22% |
| Inflation Protected (TIP) | 0.16% | 0.77% | 1.70% | 1.55% | 5.54% |
| Government Intermediate (SPTI) | 0.14% | 0.53% | 1.36% | 0.90% | 6.02% |
| Taxable Ultrashort (BIL) | 0.01% | 0.28% | 0.86% | 0.64% | 4.03% |
| Government Short (SPTS) | 0.00% | 0.12% | 0.96% | 0.46% | 4.47% |
| Specialty | |||||
| Convertible (CWB) | 1.68% | -2.11% | 2.72% | 4.37% | 21.85% |
| Bank Loans (BKLN) | 0.74% | -0.33% | -0.81% | -1.35% | 5.11% |
| Taxable High Yield (HYG) | 0.60% | -0.44% | 1.10% | 0.41% | 6.95% |
| Mortgage Backed (MBS) | 0.38% | 0.71% | 2.20% | 1.41% | 7.44% |
| Corporate (SPIB) | 0.24% | 0.25% | 1.36% | 0.81% | 6.92% |
| Preferred Stock (PFF) | 0.16% | -0.98% | 1.87% | 1.35% | 6.37% |
| International & EM | |||||
| Emerging USD (EMB) | 0.22% | -0.37% | 1.37% | 0.51% | 10.97% |
| International USD (BNDX) | 0.14% | 0.08% | 0.93% | 0.83% | 4.50% |
| International (IGOV) | 0.02% | -2.01% | 1.47% | 0.43% | 7.65% |
| Emerging (EMLC) | -0.12% | -2.99% | 1.51% | -0.09% | 13.02% |
| Municipals | |||||
| Municipal Intermediate (MUB) | 0.12% | 0.17% | 1.64% | 1.06% | 4.48% |
| Municipal Short (SUB) | 0.09% | -0.07% | 1.02% | 0.64% | 3.64% |
| Municipal Long (MLN) | 0.06% | 0.49% | 1.49% | 1.04% | 3.50% |
| Municipal High Yield (HYD) | 0.03% | -0.01% | 1.07% | 0.22% | 2.49% |
Commodities
The commodity complex faced broad selling pressure, led by a 4.08% decline in WTI Crude Oil (USO) and weakness across the Energy (DBE) segment. Agricultural markets were similarly soft, with Wheat (WEAT) dropping 2.67%, though Sugar (CANE) bucked the trend with a 3.59% gain. Precious metals exhibited pockets of resilience, as Palladium (PALL) rose 3.74% and Silver (SLV) gained 3.06% despite Gold (GLD) slipping marginally.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| Broad Commodities (DJP) | -1.64% | 10.65% | 21.68% | 21.32% | 31.92% |
| Agriculture | |||||
| Sugar (CANE) | 3.59% | 5.60% | 3.21% | 0.56% | -16.58% |
| Agriculture (DBA) | -0.60% | 3.11% | 4.17% | 4.04% | 3.78% |
| Soybeans (SOYB) | -0.78% | 5.49% | 6.56% | 10.80% | 12.57% |
| Corn (CORN) | -1.73% | 4.48% | 1.39% | 2.65% | -4.56% |
| Wheat (WEAT) | -2.67% | 11.28% | 11.28% | 15.07% | -4.45% |
| Energy | |||||
| Energy (DBE) | -2.79% | 28.06% | 38.57% | 42.80% | 37.76% |
| Brent Crude Oil (BNO) | -2.80% | 31.37% | 49.16% | 50.85% | 47.21% |
| Natural Gas (UNG) | -3.45% | 1.15% | -12.70% | 0.41% | -46.92% |
| Gasoline (UGA) | -3.54% | 19.42% | 30.35% | 36.66% | 43.06% |
| WTI Crude Oil (USO) | -4.08% | 33.72% | 49.34% | 50.85% | 44.72% |
| Industrial Metals | |||||
| Copper (CPER) | 0.76% | -2.37% | 9.95% | 2.69% | 21.78% |
| Industrial Metals (DBB) | 0.04% | 0.75% | 13.23% | 6.02% | 27.51% |
| Precious Metals | |||||
| Palladium (PALL) | 3.74% | -3.06% | 11.52% | 5.39% | 76.20% |
| Silver (SLV) | 3.06% | 2.92% | 41.85% | 21.48% | 164.48% |
| Platinum (PPLT) | 2.42% | 1.79% | 28.15% | 6.26% | 124.86% |
| Precious Metals (DBP) | 0.53% | 1.64% | 24.87% | 18.60% | 86.67% |
| Gold (GLD) | -0.21% | 1.18% | 21.97% | 19.23% | 76.06% |
Cryptocurrency
Digital assets enjoyed a broad relief rally, with Ethereum (ETHA) outpacing peers by climbing 2.95% over the latest session. Bitcoin (IBIT) advanced a more moderate 1.37%, struggling to break out of its recent multi-month consolidation pattern. Despite the positive daily action, the entire asset class remains sharply negative year-to-date, reflecting lingering headwinds.
| Name (Ticker) | 1-Day | 1 Month | 3 Month | YTD | 1 Year |
|---|---|---|---|---|---|
| XRP (XRP) | 1.25% | -6.06% | -35.24% | -25.15% | – |
| Solana (SOLZ) | 1.28% | -2.24% | -39.16% | -31.17% | – |
| Bitcoin (IBIT) | 1.37% | -2.44% | -25.96% | -21.19% | -20.84% |
| Multi-Coin (NCIQ) | 1.55% | -2.49% | -28.92% | -22.99% | -21.65% |
| Ethereum (ETHA) | 2.95% | -4.12% | -38.94% | -31.48% | -5.76% |
What to Watch Today
Market participants are overwhelmingly focused on tomorrow morning’s highly anticipated Consumer Price Index release for February. This inflation print will be the final, critical piece of macroeconomic data evaluated by the Federal Reserve before their upcoming policy meeting on March 17. Any hotter-than-expected core services data could trigger immediate repricing across both equity and fixed income markets.
