Investment Review №337. A shift toward hedging
A shift toward hedging
Foreign policy risks have narrowed the stock market rally and redirected investors’ attention to the commodities sector
S&P 500 Index as of January 26, 2026
| Ticker | Asset | Change over the week | Change over the month |
| SPY | S&P 500 | -0,35% | 0,18% |
| QQQ | NASDAQ100 | 0,24% | 0,10% |
| DIA | Dow Jones Industrial 30 | -0,50% | 1,38% |
| UUP | U.S. Dollar | -1,90% | -0,11% |
| FXE | Euro | 1,96% | 0,34% |
| XLF | Financials | -2,52% | -4,26% |
| XLE | Energy | 3,15% | 10,54% |
| XLI | Industrials | -1,61% | 4,61% |
| XLK | Technology | -0,36% | -0,59% |
| XLU | Utilities | -1,91% | -0,14% |
| XLV | Healthcare | 1,12% | 1,61% |
| SLV | Silver | 14,68% | 43,29% |
| GLD | Gold | 8,71% | 10,72% |
| UNG | Natural Gas | 35,24% | 8,29% |
| USO | Oil | 3,21% | 5,19% |
| VXX | VXX Index | 0,42% | -2,10% |
| EWJ | Japan | -1,08% | 4,21% |
| EWU | UK | 0,86% | 3,62% |
| EWG | Germany | 0,32% | 2,45% |
| EWQ | France | 0,49% | 1,36% |
| EWI | Italy | -0,02% | 0,94% |
| GREK | Greece | 3,17% | 5,92% |
| EEM | BRICS | 2,07% | 8,76% |
| EWZ | Brazil | 10,31% | 15,61% |
| RTSI | Russia | 4,15% | 5,48% |
| INDA | India | -3,05% | -5,93% |
| FXI | China | 0,36% | 2,36% |