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Macro US Stocks

US Asset-Class ETFs Mostly Fall; Emerging Markets ETF Drops 0.62%

On Tuesday, October 13, most major US asset-class ETFs closed lower. The emerging markets ETF fell 0.62%, while the Barclays US convertible bond ETF and soybean fund dropped at least 0.51%. The Russell 2000 ETF, long-dollar index, Dow ETF and Nasdaq 100 ETF fell as much as 0.43%. Gainers included the 20+ year Treasury bond ETF, up 0.41%, the long-euro position, up 0.38%, and inflation-protected bond and long-yen positions, up as much as 0.19%.

Original source

AI take

The split is the story: risk assets from small caps to emerging markets and convertibles weakened, while long Treasuries, inflation-protected bonds, the euro and the yen gained. That pattern points to a defensive, duration-seeking bid rather than broad liquidation. Whether this rotation persists, or reverses as it has repeatedly this year, is the open question.

Generated by AI for reference only.

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