Investment Review №339. Playing Defense
Playing Defense
The decline in interest in risk assets and the local correction did not lead to a fundamental shift in the overall trend.
S&P 500 Index as of February 23, 2026
| Ticker | Asset | Change over the week | Change over the month |
| SPY | S&P 500 | 1,13% | 1,75% |
| QQQ | NASDAQ100 | 1,14% | 0,12% |
| DIA | Dow Jones Industrial 30 | 0,16% | 2,31% |
| UUP | U.S. Dollar | 1,01% | -0,44% |
| FXE | Euro | -0,73% | 0,55% |
| XLF | Financials | 1,63% | -1,33% |
| XLE | Energy | 0,98% | 15,29% |
| XLI | Industrials | 1,76% | 8,38% |
| XLK | Technology | 0,95% | -0,68% |
| XLU | Utilities | -0,37% | 7,84% |
| XLV | Healthcare | -0,54% | 0,91% |
| SLV | Silver | 9,90% | -10,27% |
| GLD | Gold | 1,30% | 7,18% |
| UNG | Natural Gas | -3,46% | -2,91% |
| USO | Oil | 6,07% | 12,51% |
| VXX | VXX Index | -3,01% | -3,44% |
| EWJ | Japan | -2,54% | 9,26% |
| EWU | UK | 1,67% | 7,47% |
| EWG | Germany | 0,80% | 4,18% |
| EWQ | France | 2,10% | 7,03% |
| EWI | Italy | 2,29% | 5,16% |
| GREK | Greece | -1,39% | 1,46% |
| EEM | BRICS | 2,00% | 8,78% |
| EWZ | Brazil | 3,44% | 17,10% |
| RTSI | Russia | 0,73% | 2,97% |
| INDA | India | 1,00% | 3,27% |
| FXI | China | 1,25% | -0,15% |