ETF Action: Research

7.29.2021

7.28.2021

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

• Equities: U.S. stocks ended their winning streak with SPY down 46bps and QQQ down 1.10%, Chinese markets continued their descent
• Sectors: Utilities (XLU) and Real Estate (XLRE) led the pack, up 172bps and 80bps, respectively
• Themes: Large majority of themes in the red on tech weakness, Blockchain (BLOK) reversed course, dropping 4.5%
• Commodities: Broad Commodities (DJP) were also weak (-0.93%) and Natural Gas declined 3.51%

7.27.2021

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

• Equities: U.S. markets posted muted gains while Chinese markets plummeted on continued government crackdowns
• Sectors: Energy (XLE) rebounded, up nearly 2.5%, and Biotech (XBI) retreated 1.81%
• Themes: Blockchain (BLOK) surged 7.51% on the day amid Amazon rumors, KraneShares CSI China Internet ETF (KWEB) down 9.62%
• Commodities: Coffee (JO) boiled (+8.78%) while Broad Commodities (DJP) gained 1.19%

7.26.2021

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

• U.S. Equities: Markets finished the week higher with the S&P 500 (SPY) and the NASDAQ 100 (QQQ) both hitting all-time highs intraday Friday
• Sectors: Communication Services (XLC) climbed nearly 2.5% on Friday while Energy (XLE) was the only sector in negative territory for the day
• Themes: Clean Energy (PBW) declined 2.84% while the Evolving Consumer (SOCL) segment was up 1.98%
• Commodities: Broad Commodities (DJP) were relatively flat on Friday, but Platinum (PPLT) was lowered nearly 2.75% 

7.23.2021

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

• U.S. Equities: Markets continued the positive momentum with SPY gaining 0.21% and QQQ up 0.66%
• Sectors: Sectors were mixed on the day with Technology (XLK) leading the way while Energy (XLE) and Financials (XLF) were down over 1%
• Themes: Big Data (AIQ) was the top performing thematic segment returning 0.98% while the Cannabis (MJ) segment was well off its highs, declining over 2%
• Commodities: Natural Gas (UNG) increased over 2% and is up 21.62% over the past month

7.22.2021

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

• U.S. Equities: Stocks climbed for the second consecutive day with SPY up 0.81% and QQQ up 0.77%
• Sectors: Energy (XLE) rocketed 3.49% on the day while Utilities (XLU) lagged, down -1.10%
• Themes: Advanced Materials (REMX) gained another 7.19% and Blockchain (BLOK) was up 5.74%
• Commodities: WTI Crude Oil (USO) gushed, up another 3.78% while Broad Commodities (DJP) increased 1.79%

7.21.2021

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

• U.S. Equities: Stocks saw a sharp recovery with SPY up 1.43% and QQQ up 1.16%
• Sectors: All 11 sectors were in positive territory on the day, Industrials (XLI) led the pack (+2.80%)
• Themes: Advanced Materials (REMX) and Clean Energy (PBW) were each climbed over 3.5% on the day
• Commodities: Broad commodities (DJP) gained 1.63% and WTI Crude Oil (USO) rose 1.46%

7.20.2021

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

• Stocks plummet on COVID variant concerns; SPY drops 1.48%
• Reopening trade industries lag: Oil & Gas (XOP,XES) down over 4%, Banks (KBE,KRE) down ~3.5%, Metals & Mining (XME -3.3%)
• Health Innovation only thematic segment to rise (+0.35%) as vaccine companies rally (Moderna MRNA +9.48%)
• Fixed Income ETFs surge (AGG +0.53%) as yields decline; 10-year now at multi-month low of 1.18%

7.19.2021

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

• Major averages drop on Friday; SPY closes the week down 0.96%
• Energy declines nearly 8% last week and entered oversold technical levels
• Four thematic ETFs gain last week; VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) best performing thematic ETF YTD (+45%)
• SPDR Gold Shares sees $680 million in net outflows over past 5 days; nearly $8 billion out YTD

7.16.2021

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

• All sizes and styles fall on Thursday, SPY drops 0.34%
• Banks lead as first week of earnings nearing the end (KRE +1.20%, KBE +0.99%)
• Cannabis ETFs enter oversold territory while Advanced Materials are now overbought (LIT, REMX)
• U.S. Aggregate (AGG +0.22%) advances, 10-year now at 1.32%