This is important. A significant sea change is underway in global financial markets.
Take a look at the performance scoreboard below. The S&P 500 is up +7.4% year-to-date. Over that same period:
- Euro Stoxx 600 is down -3%
- Emerging Markets are down -11.7%
- Japan's Nikkei 225 is down -4.8%
- China's Shanghai Comp is down -21%
That's called global #GrowthSlowing.
No surprise, we have been signaling short a number of Emerging Market and European countries in ETF Pro.
But even within the S&P 500, the leaders and laggards are changing. U.S. #GrowthSlowing assets are outperforming on a trending basis. In the past 3 months, the S&P 500 is up just +3.3%.
Over that same period:
- Utilities (XLU) are up +11%
- Healthcare (XLV) is up +8.8%
- Consumer Staples (XLP) are up +7%
That’s called U.S. #GrowthSlowing.
No surprise (again), we have been telling our subscribers to get long bonds and bond proxies in ETF Pro.
Our primary goal is to give you a clear roadmap for portfolio construction, backed by a rigorous macro process that signals what ETFs we like and don’t like.
FYI .. there are two brand-new ETF ideas in this month’s edition of ETF Pro (bringing the total to 19 long and short ETF ideas). You’re going to want to check it out...
(Click here to learn more about ETF Pro. This must-have monthly macro strategy note distills our research down to our favorite ETF exposures.)