Energy XLE Sank 3.96%

Monday marked a growth unwind. Technology and momentum came under pressure.

Consumers and financials led, energy and tech lagged

Movers

Leaders: Consumer Discretionary XLY +2.41% (3M: +0.1%), Financials XLF +1.86% (3M: -0.2%)

Laggards: Energy XLE -3.96% (3M: +15.6%), Technology XLK -2.95% (3M: -6.7%)

3M Leaderboard

Strong: Energy XLE +15.6%, Healthcare XLV +14.3%, Consumer Staples XLP +7.1%

Weak: Copper Miners COPX -13.3%, China MCHI -11.6%, South Korea EWY -11.4%

DAILY · 3M

Duration rallied, credit lagged

Movers

Leaders: Long Treasuries TLT +0.29% (3M: -0.1%), Global Bonds BNDX +0.17% (3M: -0.5%)

Laggards: Short TIPS VTIP -0.29% (3M: +0.3%), High Yield Bonds JNK -0.19% (3M: -2.0%)

3M Leaderboard

Strong: Short TIPS VTIP +0.3%, Long Treasuries TLT -0.1%, Short Corporate VCSH -0.2%

Weak: Preferred Stock PFF -6.5%, EM Sovereign Bonds EMB -2.3%, High Yield Bonds JNK -2.0%

DAILY · 3M

Alternatives rallied, momentum and semis lagged

Movers

Leaders: Clean Energy ICLN +2.74% (3M: -14.7%), Gold Miners GDX +2.67% (3M: +1.6%)

Laggards: Momentum Factor MTUM -3.15% (3M: -12.0%), Semiconductors SMH -2.71% (3M: -11.7%)

3M Leaderboard

Strong: Ethereum Trust ETHA +19.5%, Bitcoin Trust IBIT +19.1%, Biotechnology IBB +12.4%

Weak: Clean Energy ICLN -14.7%, Momentum Factor MTUM -12.0%, Semiconductors SMH -11.7%

DAILY · 3M

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Romain Gandon
CEO, Quantlake

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. Past performance is not indicative of future results.