Thread by @SchalkLouw

THREAD: A picture is worth a thousand words. Let's look at a few #ETF graphs & see if we can make some sense of the current market environment.

What a year it's been for #Oil & #Energy! Sharing only positive YTD #MSCI #Sector performance with #Financials.

$IXC $IXG

2/15

#EmergingMarkets #ETF seriously lagging #DevelopedMarkets ETF, mostly due to disinvestment from #China.

#SouthAfrica might need a lot of catch up, but $EZA 1YR performance in USD (+9.9%) is still ahead of $EEM (-11.3%)

$URTH

3/15

#Global #Value #stocks (#ETF) recently enjoyed short-term recovery, but still got some serious catch-up to do over the longer term.

$IWVL

4/15

Was recently pullback the start of something new or nothing at all?

Personally, it remains one of my biggest concerns, but then again, it's been for some time. #Global #Tech #stocks relative to #MSCI AC World Index are still trading at "bubble" levels.

$IXN vs $ACWI

5/15

If I didn't know any better, it seems like #Microsoft's recent purchase (2 weeks ago) of #ActivisionBlizzard was timed to perfection. #VideoGaming seriously lagged #Global #Tech. If you liked this market or #ETF a year ago, you'll love them now.

$ESPO $IXN

6/15

#BlockchainTechnology going from absolute hero to zero! After rocket moves early 2021, $BLOK #ETF gave back all outperformances against #Global #Tech & now lag $IXN over 3 years.

7/15

#Internet companies, in general, lost a bit of "internet-speed" recently, with US Internet Co's $FDN #ETF dropping 23% since beginning Nov21.

#Chinese Internet Co's $KWEB however lost 29% over the same period.

Massive 1-year underperformance by the latter compared to US.

8/15

Speaking of #Chinese co's. China Large-Cap $FXI #ETF massively underperformed #MSCI #EmergingMarkets $EEM ETF, as well as MSCI #SouthAfrica $EZA.

South Africa recently caught up to China in USD over a 3 year period.

9/15

Let's watch this one after #Powell's #FederalReserve speech this week.

#US #Bonds lagged #Equities. Be careful over the short term as $TLT #ETF relative to $SPY still indicates overbought (equities) & could soon see some profit-taking.

10/15

$NASDAQ looks even crazier ☝️. Yes and that's even after the sharp recent pullback in $QQQ. Be very careful.

11/15

#Gold lagged #MSCI #Global #Equities (#ETF's) over the short-term & now look mighty interesting. We are back at mid-2019's relative levels, which saw Gold enjoy some serious outperformance back then. This time might be different...

$GLD versus $ACWI

12/15

#Gold or $GLD might've lagged most #ETF's, but did remain more defensive compared to #Bitcoin recently. I know it's ultra short-term for $BITO (since inception last year Oct), but you get the idea.

13/15

#Gold wasn't the only metal that lagged #Equities recent. #PreciousMetals #ETF is looking very interesting over the longer term. Especially if you look at current #inflation worries & global political unrest (#fear).

$GLTR vs $ACWI

14/15

So if you like #Gold, then you might find the #GoldMiners interesting at current levels relatively. Despite Gold lagging #Equities, the actual miners' #ETF lagged even more.

$GDX $GLD

15/15 & final

And then finally, what would market feedback be without #smallcaps? Beginning of last year, there was a lot of FOMO going around, after a massive run in #Russell2000. Since then all outperformance against S&P500 was returned & more.

$IWM vs $SPY