ETF Tracker Newsletter For June 23, 2017
ETF Tracker StatSheet
EKING OUT A TINY GAIN
[Chart courtesy of MarketWatch.com]
- Moving the Markets
Another roller coaster day ended just about at the unchanged line for the Dow with the S&P 500 and Nasdaq managing to climb back into positive territory. For the week, the story was very similar with only the Nasdaq scoring a newsworthy gain of +1.8%.
The financial sector (XLF) slipped -0.4% with the Regional Banking ETF (KRE) also surrendering -0.64%, despite the Fed’s release of the results of stress tests on the health of the banking sector touting “that all 34 banks assessed to have strong levels of capital and would be able to keep lending even during a severe recession.”
For the week, healthcare (biotech) and technology were the winners while energy and financials were the laggards. Interest rates dropped this week with the 10-year bond ending the day unchanged at 2.15%. The US Dollar ETF (UUP) ended up slightly higher for the past 5 trading sessions but closed down the last 3 days in a row helping gold squeeze out a small gain and climb back above its 200-day M/A.