On the downside, while Wall Street has staged a nice rally, there are still concerns about Main Street, as unemployment continues to rise. The dollar has also been weakening, which is fueling fears of inflation down the road.
Among the top sectors for the month were solar energy, which rose 15.7%; gold miners, which rose 14.5%; and oil and gas equipment and services, which rose about 13%. The weakest sectors in September were homebuilders, which fell about 4%; gasoline, which declined 3.7%; and agriculture, which lost 2.3%.
Among the top sectors for the quarter were real estate investment trusts (REITs), which rose about 32%; global financials, which gained about 28.4%; and steel, which rose 24.7%. The weakest sectors in the third quarter were international agriculture, which fell 4.4%; oil, which lost 3.5%; and energy, which declined 1.7%.
For our full September ETF Performance report, click here.