Following this disconcerting news, the DJIA, S&P 500, and NASDAQ shed 2.7%, 2.1%, and 1.7% respectively for the week. Until this unprecedented cloud of uncertainty is cleared, markets will continue to be beset by the kind of skittishness and volatility that defined this week.
ETFG Quant Movers - Those ETFs who have had the largest weekly change in their respective, overall ETFG Quant ratings.
ETFG Quant Winners: The ETFs registering the largest gains in their ETFG Quant scores were the iPath S&P MLP ETN (IMLP), Innovator IBD ETF Leaders ETF (LDRS), Franklin FTSE Europe Hedged ETF (FLEH), Global X SuperDividend Emerging Markets ETF (SDEM) and AdvisorShares Vice ETF (ACT).
ETFG Quant Losers: The ETFs experiencing the largest declines in their ETFG Quant scores this week were the Elements Spectrum ETN (EEH), First Trust Preferred Securities and Income ETF (FPE), Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE), iShares MSCI Finland ETF (EFNL) and SPDR Solactive Germany ETF (ZDEU).
ETFG Weekly Select List - The five most highly rated ETFs per Sector, Geographic Region and Strategy as ranked by the ETFG Quant model.
With momentum rising for some stabilization in the oil markets, we'd like to bring attention to the energy ETFs that currently sit atop our Select List rankings. From 1-5, the energy ETFs that our models favor right now are the SPDR S&P Oil & Gas Exploration and Production ETF (XOP), SDPR S&P Oil & Gas Equipment & Services ETF (XES), Invesco DWA Energy Momentum ETF (PXI), Invesco Dynamic Energy Exploration & Production ETF (PXE), and Invesco S&P SmallCap Energy ETF (PSCE).
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