Asset Class/Key ETF Performance Since Election Day 2024


We’re just under three weeks past Election Day 2024 and below is an updated look at the performance of various asset classes since then using our key ETF matrix.
While it may feel like the stock market has gone gangbusters since the close on 11/5, the S&P 500 ETF (SPY) is up just over 3%, while the mega-cap Tech-heavy Nasdaq 100 (QQQ) is up even less at 2.5%.

Both growth and value ETFs are up similar amounts, while currency ETFs like FXB, FXE, and FXY are all down more than 2% as the dollar has rallied.

Looking at sectors, Financials (XLF) is up the most with a gain of 8.3% followed closely by Energy (XLE) at +8.04%.  Consumer Discretionary (XLY) ranks as the third best sector since 11/5 with a gain of 7.5%.  On the downside, Health Care (XLV) is solidly in the red with a drop of 2.4%, and while it’s not one of the eleven major sectors, the semis ETF (SMH) is also down 1.7%.

It has been quite the bloodbath in international stocks since Trump’s victory on 11/5.  Five of the major country ETFs are down more than 6%: China (MCHI), Hong Kong (EWH), France (EWQ), Italy (EWI), and Spain (EWP).  Israel (EIS) is one of the few country ETFs that has gained along with Australia (EWA) and Canada (EWC).

We’ve seen some divergence between commodity ETFs since Election Day.  The agriculture ETF (DBA) and natural gas (UNG) are both up solidly, but gold (GLD), silver (SLV), and oil (USO) are all in the red.More By This Author:Easing Into The Weekend
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