Week (July 8 - 12) in Review: Financial Leaders

Interesting Facts and Market Dynamics

The financial markets experienced a dynamic week from July 8 to July 12, characterized by notable movements in cryptocurrencies, inverse ETFs, and various sectors. This period was marked by a mix of gains and declines across different asset classes, reflecting the diverse economic influences and investor sentiments driving market behavior. The most significant movements were observed in the cryptocurrency sector, where major coins demonstrated substantial gains, contrasting sharply with the declines seen in inverse ETFs.

Track the Market: Winners and Losers

Cryptocurrencies

The cryptocurrency market showcased impressive gains, with several leading cryptocurrencies experiencing notable appreciation:

• Litecoin (LTC.X): +11.62%
• Bitcoin Cash (BCH.X): +10.72%
• XRP (XRP.X): +9.87%

This surge in cryptocurrency values can be attributed to positive market sentiment, technological advancements, and increased adoption in various sectors.

Inverse (Short) ETFs

Inverse ETFs, designed to profit from declining market conditions, saw significant losses this week, highlighting the overall bullish trend in the market:

• ProShares UltraPro Short S&P500 (SPXU): -3.84%
• AdvisorShares Dorsey Wright Short ETF (DWSH): -4.37%
• AdvisorShares Ranger Equity Bear ETF (HDGE): -5.01%

Sector Overview: Stock Market Live Today

The stock market displayed varied performances across different sectors, with some ETFs experiencing significant gains while others faced losses:

Winners

• Financial: First Trust NASDAQ® ABA Community Bk ETF (QABA): +9.49%
• Real Estate: Invesco KBW Premium Yield Eq REIT ETF (KBWY): +7.46%
• Industrials: First Trust RBA Amer Indl RenaisTM ETF (AIRR): +6.51%

Losers

• Communications:
  • The Communication Services Select Sector SPDR® ETF (XLC): -1.21%
  • Fidelity MSCI Communication Services ETF (FCOM): -1.47%
  • Vanguard Communication Services ETF (VOX): -1.64%

International Overview

Global markets also experienced mixed results, with ETFs tracking various regions showing both gains and losses:

Winners

• Latin America ETF:
  • iShares MSCI Mexico ETF (EWW): +7.96%
  • iShares Latin America 40 ETF (ILF): +4.41%
• Australian ETF: Franklin FTSE Australia ETF (FLAU): +3.12%

Losers

• Australian ETF: Invesco CurrencyShares® Australian Dollar Trust (FXA): +0.49%
• North America ETF: Invesco QQQ Trust (QQQ): +0.34%
• Asia ETF: iShares MSCI South Korea ETF (EWY): -0.16%

The performance of international ETFs reflects varying regional economic conditions, political developments, and investor confidence levels.

Conclusion

The week of July 8 to July 12 was marked by significant activity across various financial markets. Cryptocurrencies led the charge with substantial gains, while inverse ETFs suffered notable losses. Sector-wise, financial, real estate, and industrials showed strong performances, whereas the communications sector lagged. International markets presented a mixed bag, with Latin America and Australian ETFs posting gains and other regions showing modest or negative movements.

Disclaimers and Limitations