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GLOBAL ETF MARKETS MONITOR

February 19, 2021

  By Andres Talero

Treasuries revert to early 2020 levels

 

Long term US treasuries (TLT ETF) have retreated close to early 2020 levels. Gold (GLD ETF) is also in a downward trend since the late summer of last year but is still 10% above early 2020 levels.

Both ETFs retreated close to 3% last week and are down near 7% in 2021.

We monitor US stocks, long term Treasuries and Gold  (GLD-SPY-TLT ETFs) as a simple balanced portfolio benchmark. The combined trio is down 3% this year.

 

Silver (SLV ETF) had a mild rise last week. The metal price is up more than 50% year on year.

WRITING SAMPLE - NOT CURRENT 

Emerging Markets stocks 2021 rally

Most international equity markets were up last week.

Chinese stocks (FXI ETF) were up 3% and emerging markets stocks (EEM ETF) were up 1.5% in USD terms.

FXI is up 17% in 2021, outpacing other international indexes. EEM is up 10% this year.

European stocks (FEZ ETF) and Japanese stocks (JPXN ETF) were up close to 1.5%. The two ETFs are up 4% and 6% respectively this year.

Other international markets rose or were little changed.

DISCLOSURE OF RELATED SECURITIES HOLDINGS: EMB

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