ETF Action Research

9.28.2020

Breakdown of the previous day's market action through the lens of ETFs

• Large-cap growth (IVW +1.98%) leads to close out the week
• S&P 500 (SPY) fals 0.58% over the course of the week (4th consecutive down week)
• Health Care Services (XHS +2.66%) and Aerospace & Defense (XAR +2.4%) lead U.S. industries on Friday
• Energy sector 51% off of 52-week highs, MLPS well into oversold territory
• Dollar advances 0.27% (UUP)

9.24.2020

Breakdown of the previous day's market action through the lens of ETFs

• S&P 500 (SPY) retreats -2.32% and currently sitting below 50 Day Moving Average
• All U.S. sectors & industries decline, oil & gas industries lag (XES -6.54%, XOP -5.23%)
• MLP ETFs back in oversold territory (AMLP relative strength index at 24)
• Dollar broken through to the upside and out of its two-month trading range (UUP +0.55%)

9.23.2020

Breakdown of the previous day's market action through the lens of ETFs

• S&P 500 (SPY) snaps losing streak, gains 1.02%
• Internet (XWEB +3.13%) and retail (XRT +2.70%) lead U.S. sectors and industries
• Dollar rises another 26 basis points as commodities fall (DJP -0.61%)
• U.S. Aggregate (AGG) gains 0.08% but still down 0.13% over last month

9.22.2020

Breakdown of the previous day's market action through the lens of ETFs

• Domestic equities fall to open the week, S&P 500 (SPY) drops 1.11%
• Small-cap value lags sizes & styles (IJS -4.03%), still nearly 25% off of 52-week high
• Seven U.S. sectors approaching oversold territory by 14-day RSI 
• No refuge in precious metals, Gold drops (GLD -2.01%) along with equities on strengthening Dollar (UUP +0.72%)

9.20.2020

Breakdown of the previous day's market action through the lens of ETFs

• S&P 500 (SPY -1.15%) fall to close the week down 0.62%
• Biotech (XBI +1.01%) leads U.S. sectors & industries, Real Estate (XLRE -1.98%) lags
• Energy leads all sectors for the week, XLE up 3.03%
• Gold (GLD) gains 13 bps but down 2.65% over last month

9.18.2020

Breakdown of the previous day's market action through the lens of ETFs

• Large-cap growth (IVW -1.11%) lags all sizes & styles as markets retreat
• Materials continues to lead U.S. sectors, gains 0.74%
• Fixed income ETFs little changed (AGG +0.03%), 10-year treasury at 0.67%
• Precious metals (DBP -0.26%) fall along with equities, down 2.07% over last month

9.17.2020

Breakdown of the previous day's market action through the lens of ETFs

• S&P 500 (SPY) falls into the close; ends the day down 40 basis points
• Oil & Gas indusries lead (XOP +4.91%, XES +4.66%) while tech lags (XLK -1.55%)
• India (INDA) gains 0.49%; leading Asia-Pacific region over last three months (+24.68%)
• Gold sees one week outflows of ~$200MM but still up $16 billion over last three months

9.16.2020

Breakdown of the previous day's market action through the lens of ETFs

• Large-cap growth (IVW +1.02%) leads sizes & styles
• Materials makes new 52-week high, leads U.S. sectors over last 3-months (XLB +19.9%)
• Crude oil gains (USO +2.15%) but still down nearly 10% over last month
• Dollar (UUP +0.08%) remains in same trading range since beginning of August

9.15.2020

Breakdown of the previous day's market action through the lens of ETFs

• S&P 500 (SPY) bounces 1.32% to open the week; 14-day RSI near 50 (neutral)
• Biotech (IBB) up 6.89% on Immunomedics (IMMU +98%) acquistion news
• Energy gains (XLE +0.77%) but still flirting with oversold territory
• U.S. aggregate (AGG +0.01) largely unchanged; 10-year treasury yield at 0.68%

9.13.2020

Breakdown of the previous day's market action through the lens of ETFs

• Small-caps lag (IJR -0.69%) as S&P 500 (SPY) finishes down over 2% for the week
• Indusrials (XLI +1.36%) and Materials (XLB +1.28%) lead on Friday
• MLP ETFs oversold (AMLP RSI 27)
• Dollar (UUP) drops 12 bps, remains in new trading range