Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.
U.S. equity markets posted losses in all three indexes last week. The Dow Jones Industrial Average lost 1.78%, the S&P 500 lost 2.45%, and the NASDAQ Composite lost 4.92%. Energy, up 4.33%, was the only one of the 11 sectors to post a gain for the week.
Gold prices broke down below their 50-day moving average, closing the week at $1,728.80 per ounce.
When I get the opportunity to share my thoughts in this column, I generally pull from my recent conversations with financial advisers and their clients.
Major U.S. indexes ended mostly lower last week, as inflation worries returned and longer-term yields saw their highest levels in almost a year. The Dow Jones Industrial Average was up by 0.1%, the S&P 500 decreased by 0.7%, the Russell 2000 small-capitalization index fell 1.0%, and the NASDAQ Composite was down 1.6%. The 10-year Treasury bond yield rose 13 basis points to 1.33%, as Treasury bonds fell for the week. Last week, spot gold closed at $1,784.25, down 2.19%.
January ETF Deathwatch contains 339 zombie ETFs and ETNs.