We’re quick approaching the top of 2019 and it’s been a stellar quarter thus far for Wall Road. All three key fairness gauges have hit file highs within the quarter. The important thing ETFs — SPY, DIA and QQQ — have returned about 8.8%, 6.5% and 12.5%, respectively, thus far this quarter.
Key occasions of this quarter that drove the markets had been the announcement of a phase-one U.S.-China commerce deal after virtually two-years of wrangling, a deal on USMCA, extension of the OPEC output lower deal and the easing of Brexit uncertainty. Plus, international coverage easing within the second half of the 12 months has been an added increase.
Towards this backdrop, under we spotlight a number of sector ETFs which have been the winners (per xtf.com) within the fourth quarter.
Biotech
Biotech shares and ETFs have been going by the roof within the fourth quarter. Mergers and acquisitions, particularly within the sizzling most cancers remedy house, optimistic drug information, FDA approvals, upbeat financials and respectable valuations are making the house a transparent winner. As a…