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Macro US Stocks

Emerging-Market ETF Leads US Asset-Class ETFs With 1.8% Gain

On Thursday, September 17, the emerging-market ETF closed up 1.81%, leading US asset-class ETFs, while the Nasdaq 100 ETF rose 1.73%. Gold, Barclays US convertible bond, S&P 500 and 20+ year Treasury ETFs gained as much as 1.69%, and Dow, Russell 2000, US real estate, long-yen and long-euro ETFs gained as much as 0.61%. The soybean fund was flat, the long-dollar index fell 0.07%, the US Brent oil fund fell 1.3%, the agricultural products fund fell 1.39% and the long-volatility index fell 3.8%.

Original source

AI take

A single session where emerging-market equities outpace the Nasdaq 100 and every other US asset class is a breadth signal, not a trend: risk appetite is reaching beyond the megacap complex that has carried this market. The simultaneous weakness in oil, agriculture and long-volatility funds suggests the move is about positioning rather than a broad commodity or inflation impulse. Whether emerging markets can keep leading once the dollar's slide reverses is the open question.

Generated by AI for reference only.

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