TREE NEWS reports: On Thursday, October 8, the emerging markets ETF closed down 1.89%, the Nasdaq 100 ETF fell 1.33% and the Barclays US convertible bond ETF lost 1.28%, while soybeans, agriculture, the S&P 500 ETF, long-dollar and Russell 2000 ETFs fell as much as 0.72%. Gainers included long-yen, the Dow ETF, long-euro, inflation-linked bond and US investment-grade corporate bond ETFs, up at least 0.1%, with gold, US real estate and 20+ year Treasury ETFs up at least 0.73%, the long volatility index up 2.01% and the US Brent oil fund up 2.81%.
US broad asset ETFs close mixed; emerging markets ETF falls 1.89%, Brent oil fund gains 2.81%
The dispersion is the story: a rising long-volatility index alongside gains in gold, Treasuries and real estate points to defensive positioning rather than broad risk appetite, with the Brent oil fund's outsized move sitting apart from that caution. Emerging markets and the Nasdaq 100 absorbing the sharpest declines suggests the pressure is concentrated in growth and non-US exposure, not a uniform selloff. Whether oil strength and haven demand continue to move together is the open question.
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