Persistent global copper supply deficits, projected at 330,000 metric tons in 2026 by J. P.

The image presents a time-series chart of the US Equity Sentiment Indicator from 2009 to 2025, depicting fluctuations in investor sentiment over time.

This week, global markets saw major shifts. The FTSE 100 hit a record high, while US stocks struggled amid economic uncertainties. Cryptos surged, commodities dipped, and sector performances varied. Stay ahead with key insights into market trends!

This rally had a positive impact on a number of ETFs, but one that caught my eye recently was the SPDR S&P Metals and Mining ETF (NYSE: XME).The XME rallied from the $24 area to a recent high of $28.55. Unfortunately, the rally simply brought the XME up to a downward sloped trend line that connects the highs from February and April.

The Materials Select Sector SPDR (NYSE: XLB) is up 13.23% so far in 2019, but that places it in seventh place among the 10 select sectors SPDR ETFs.The tech sector has experienced a gain of 27.2% so far this year and that is the top performance of the group. Even though it has lagged so far this year, the XLB could be ready to make up some ground on the other sectors.