The S&P 500 gained 2.3% this week and investors took some bad economic data in stride, including a wider trade deficit and lower consumer confidence numbers.
The focus may shift to Asia next week with President Obama visiting China. Expect lots of attention on currency, commodities and trade. Although they didn't do well enough to merit a spot as the weekly winners, both iShares FTSE/Xinhua China 25 (FXI) and Claymore/AlphaShares China Small Cap (HAO) closed at new 52-week highs this week.
Here are the past week's winners and losers.
Market Vectors Russia ETF (RSX) +6.3%RSX benefited from a rise in emerging markets that was enough to overpower a decline in the price of oil, which the energy-heavy ETF often tracks. iShares Cohen & Steers Realty Majors (ICF) +7.3% Vanguard REIT ETF (VNQ) +6.4% SDPR Dow Jones Wilshire REIT (RWR) +6.5% iShares Dow Jones U.S. Real Estate (IYR) +6.2% Real estate ETFs came back from the dead last week after spending seven weeks in decline. ICF had the best return of the broad ETFs, and the rebound was nice to see during an overall good week for the markets. However, ICF still trades 5% below its Sept. 22 close of $52.02. A close above that level would be a positive sign for REITs and the broader market as well. Market Vectors Gold Miners ETF (GDX) +4.6% Gold prices climbed to another record midweek as gold cracked the $1,123 per ounce level before retreating slightly. The Telegraph reported that the CEO of Barrick Gold (ABX), Aaron Regent, said that the world may have reached "peak gold" in terms of annual mine production. Barrick recently reversed its policy of hedging gold production and has move aggressively to reverse existing hedges. >>Vote in Our Poll: Bull or Bear?
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV