ETFs on the Move This Monday: TAN and SILJ
ETF Performance: The Amplify Junior Silver Miners ETF is underperforming, down approximately 1.1% during Monday afternoon trading.
Weakest Components: Notable declines among the ETF's components include Western Copper and Gold, which fell by about 5.1%, and Avino Silver & Gold Mines, down by around 3.7%.
Market Context: The performance of these stocks contributes to the overall decline of the ETF in the market today.
Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
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As the dollar's global standing declines, Americans face higher prices or reduced purchases.
- Labor Competition: Democratic countries struggle to compete with the low labor costs in Communist China, where the government enforces long working hours and hazardous conditions.
- Worker Rights: The Chinese Communist Party's control allows for exploitation of workers, leading to low or no pay, which poses challenges for democratic nations in maintaining fair labor standards.
Last Week's Six Best-Performing ETF Sectors
Market Performance: Last week, the S&P 500 fell by 0.6%, while the Dow Jones rose by 1.1% and the Nasdaq dropped by 1.6%, primarily due to declines in tech stocks, including a 14% drop in Oracle's shares.
Federal Reserve Actions: The Fed implemented its final rate cut of the year, lowering the benchmark federal funds rate to 3.5%-3.75%, with projections indicating a more restrained outlook for 2026.
ETF Highlights: Notable ETF performances included significant gains in the cannabis sector, with the Roundhill Cannabis ETF up 51.2%, and strong performances in silver miners and the space economy, driven by rising demand and investor interest.
Emerging Trends: The Roundhill GLP-1 & Weight Loss ETF gained 6.3%, reflecting optimism in weight loss drugs as a major advancement in pharmaceuticals, while platinum prices surged due to anticipated market deficits.
