The Riskalyze Report: The Untold Story of 2017 So Far

January 29th – February 4th

Josh here – it’s interesting to see the MSCI All-Country World Index ETF make the top winners list this week while advisors were selling off FTSE Europe simultaneously. My best guess is it’s not an overlapping group executing these trades.

Foreign stocks are the untold story of 2017 so far, in my opinion. With the dollar easing and Russian stocks being “normalized” by some intrepid investors, the EEM has been able to surge almost 8% year-to-date. In the meanwhile, Vanguard’s VGK (European stocks) is a hundred basis points or so ahead of the SPY while economic data across the continent has been surprising to the upside. Will this be the first year in almost a decade where international stocks outdo the S&P 500?

Additionally, as Riskalyze CIO Mike McDaniel points out, “Advisor use of Materials increased approximately 10% week over week. Advisor use of Consumer Staples and FTSE Europe decreased by approximately 5% week over week.”

*(to state the obvious, Riskalyze does not share client sensitive data with me or use animals in testing).