The stock market is already experiencing another unstable week as investors continue to react to geopolitical news and threats of a global economic slowdown on the horizon. So far this week, the SPDR S&P 500 ETF Trust (SPY) has moved at a stagnant pace, with every other day affecting the market in the opposite direction. The Invesco QQQ Trust (QQQ) has been no different, with markets climbing positively in trading for one day only to slump the next day; all of the market movements have been depending on global economic and political data all of which has not been demonstrating favorable results.
In Sector ETFs, Energy (XLE) has not been faring well within the current market climate, with the fund maintaining negative growth as the week is heading towards its end. Oil has had a bit of a rough patch so far this month, with prices continuing to drop due to deflation following the spike that occurred in September following the Saudi Arabian drone attacks. Financials (XLF) in on the decline mid-week, but showed gains in trading earlier in the week. In the same way, Industrials (XLI), Technology (XLK), Real Estate (IYR) and Health Care (XLV) all saw losses in the mid-week.
Utilities (XLU) saw gains on Wednesday, following a more positive resurgence after losses in the beginning of the week. Other gainers in the midweek include Consumer Staples (XLP), Consumer Discretionary (XLY)
In Commodity ETFs, SPDR Gold (GLD) is up this week, though this ETF usually increases whenever the market is unstable and future growth is unclear. United States Oil Find (USO) is also seeing gains this week, but United States Natural Gas Fund (UNG) has experienced losses in the current climate.
Finally, in Currency ETFs, the Dollar (UUP) has been on the decline this month, with the currency being affected by the current trade climate surrounding the U.S. Following more favorable Brexit agreement news this week, the Pound (FXB) has begun to increase after its unstable few weeks due to 'no deal' Brexit fears.