ETF Global

In case you are doing anything other than year end administrative chores, Quant has a message for us today. The SPDR Materials Select Sector Fund (XLB) has spent most of the past few months in the top 50 with an occasional peek into the top 25 but the past week has seen it solidify its position in that group of 25 with a rank of 16^th place today.  We also see the Global X Silver Miners Fund (SIL) with a big 152 place jump into 40^th place and other basic material funds also scoring better today.  With central banks around the world in a race to the bottom regarding exchange rates perhaps the market is getting ready to play an inflationary theme.  Most desks have skeleton crews so we’ll see if that theme plays out when full staffs return next week.  We hope to be able to button our pants by then but will keep you apprised of any movement in the model in the meantime.  Enjoy the holidays and thanks for checking in today.