It was a week of sharp contrasts across asset classes. Semiconductor and energy ETFs led the gains, while Bitcoin and gold-related funds took a hit.
đ Chips ran
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$iShares Semiconductor ETF(SOXX)$ : +9.35%
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$iShares MSCI Taiwan ETF(EWT)$ : +9.12%
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$VanEck Semiconductor ETF(SMH)$ : +4.91%
The semiconductor trade was back in focus, with chip-related funds dominating the winners.
⥠Energy rallied
Energy stocks also posted solid gains, adding another pocket of strength to the market.
đ Gold and Bitcoin sank
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$iShares Bitcoin Trust(IBIT)$ : -9.19%
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$VanEck Gold Miners ETF(GDX)$ : -6.80%
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$SPDR Gold ETF(GLD)$ : -4.58%
Bitcoin and gold-related funds were among the week's biggest losers. Gold miners fell even harder than bullion.
đ Across the market
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US large caps: +2.64%
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US small caps: +2.26%
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International stocks: +2.33%
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Bonds: -1.24%
Equities broadly finished higher, while bonds moved in the opposite direction.
đ Best-performing fund
The biggest winner on the list was $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ , up 26.86%.
That's a 3x leveraged semiconductor ETF, meaning its daily performance seeks to deliver three times the daily return of its underlying semiconductor index â and its volatility can be substantial.
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