Week (July 15 - 19) in Review: Financial Leaders

Interesting Facts and Market Dynamics

The financial landscape for the week of July 15 to 19 saw significant movements across various sectors, with notable performances from cryptocurrencies and inverse ETFs. The most remarkable gains were seen in XRP, Bitcoin, Ethereum, and ProShares UltraPro Short QQQ, reflecting a robust week for digital currencies and certain hedging strategies. Conversely, major indexes and commodities exhibited declines, highlighting the complex interplay of market forces. This week, in addition to the data, some intriguing facts emerged about the driving factors behind these movements. The ongoing regulatory discussions in the cryptocurrency space have fueled investor optimism, particularly for XRP and Bitcoin, which saw gains of 22.36% and 15.15% respectively. In contrast, natural gas prices continued their downward trend due to oversupply concerns, resulting in a 7.94% drop in the United States Natural Gas ETF.

Track the Market: Winners and Losers

Cryptocurrencies

• XRP.X - XRP Cryptocurrency: +22.36%
• BTC.X - Bitcoin Cryptocurrency: +15.15%
• ETH.X - Ethereum Cryptocurrency: +11.70%

Inverse (Short) ETFs

• SQQQ - ProShares UltraPro Short QQQ: +12.25%

Major Indexes

• QQQ - Invesco QQQ Trust: -3.83%

Commodities

• DBB - Invesco DB Base Metals: -5.37%
• UNG - United States Natural Gas: -7.94%

Sector Overview: Stock Market Live Today

Financial Sector

• QABA - First Trust NASDAQ® ABA Community Bank ETF: +9.13%
• BTO - JH Financial Opportunities: +6.22%

Energy Sector

• OIH - VanEck Oil Services ETF: +3.92%

Technology Sector

• QTEC - First Trust NASDAQ-100-Tech Sector ETF: -5.66%
• SOXX - iShares Semiconductor ETF: -8.58%

Materials Sector

• PICK - iShares MSCI Global Metals & Mining Producers ETF: -5.91%

International Overview

Asia ETFs

• EEMV - iShares MSCI Emerging Markets Minimum Volatility Factor ETF: -0.99%
• INDA - iShares MSCI India ETF: -1.52%
• AAXJ - iShares MSCI All Country Asia ex Japan ETF: -4.27%
• EWY - iShares MSCI South Korea ETF: -4.89%

Australian ETF

• FXA - Invesco CurrencyShares® Australian Dollar Trust: -1.35%

Latin America ETF

• EWW - iShares MSCI Mexico ETF: -5.34%

Summary
The financial week saw significant volatility with a clear divide between high-performing cryptocurrencies and struggling traditional commodities and indexes. The financial and energy sectors had pockets of strength, while technology and materials sectors faced notable setbacks. International markets mirrored this mixed performance, with most Asian and Latin American ETFs recording losses. This week's market dynamics underscore the importance of staying informed and adaptable in a rapidly shifting financial landscape.

Disclaimers and Limitations