ETF Asset Class Markers Recover but US REIT Is Under Pressure
11/22/2010 0 comments
There was a lot of angst as we began the week with worries about the fallout from QE2 and a drop in stock indices at the end of the week. As the week progressed, things settled down and there was a return to business as usual. There is still concern but the sky did not fall in.
|
Description |
Symbol |
22-Nov Trend Score |
Direction |
15-Nov Trend Score |
|
Frontier Market Stks |
FRN |
17% |
^ |
13% |
|
Emerging Market Stks |
VWO |
12% |
^ |
9% |
|
International REITs |
RWX |
10% |
v |
8% |
|
US Equity REITs |
VNQ |
9% |
v |
9% |
|
Gold |
GLD |
9% |
^ |
9% |
|
US Stocks |
VTI |
8% |
^ |
7% |
|
International Developed Stks |
EFA |
8% |
^ |
6% |
|
US High Yield Bonds |
JNK |
6% |
v |
5% |
|
Emerging Mkt Bonds |
PCY |
4% |
v |
5% |
|
Commodities |
GSG |
3% |
v |
5% |
|
Intermediate Treasuries |
IEF |
2% |
v |
3% |
|
International Treasury Bonds |
BWX |
2% |
v |
3% |
|
US Credit Bonds |
CFT |
2% |
^ |
2% |
|
Mortgage Back Bonds |
MBB |
2% |
v |
1% |
|
Total US Bonds |
BND |
1% |
^ |
1% |
|
Treasury Bills |
SHV |
0% |
v |
0% |
|
Municipal Bonds |
MUB |
-2% |
v |
-1% |
Top Five Indicators
Emerging markets have the best recovery from the drop of last week. International real estate have leveled off but gold and domestic real estate continue in a downward direction. It is also noticeable that commodities continue their downward trend, getting a lower trend score than last week.
Bottom Five Indicators
The bottom of the pack are still the fixed income -- indicating that there is still appetite for risk based assets. Municipal bonds are still on a decline. Consistent to the risk appetite, junk (high yield) bonds held up well last week.
In conclusion, the market concerns have been mitigated somewhat. Emerging markets and real estate are still at the top of the pile but US REIT may drop out of the top five in coming weeks.
comments
0
Or Start FREE 30-day trial now >>
