Stocks snapped a four-day winning streak Monday as the back-and-forth of the first U.S. government shutdown since the 1990s proved too much for equities to overcome.
Gold ETFs were actually among Tuesday’s brighter spots, something that cannot be said much these days. In an interesting turn of events Tuesday, emerging markets and U.S. utilities ETFs were both taken to the woodshed. [BRIC Bash: BRIC ETFs Beat U.S. Stocks]
Volume has been high in some utilities ETFs this week, perhaps indicating some investors are preparing for another spike in Treasury yields. Here’s the compilation of Tuesday’s worst non-leveraged ETFs, courtesy of WallachBeth Capital.