Bloomberg Market Wrap 10/3: Defensives, Momentum ETF, Copper/Gold Ratio

The video discusses recent PMI data, highlighting a decline in services PMI and a slight improvement in manufacturing. Equity markets initially reacted negatively but ended positively. Defensive sectors continue to outperform. The MTUN ETF has seen significant outflows, with a focus on its holdings in tech, financials, and healthcare. The copper-gold ratio is at a low, influenced by global manufacturing slowdowns and expectations of Fed rate cuts, making gold more attractive as a safe haven.

What was the recent reading of the services PMI, and how did it affect the equity markets?

• 47.8, initially causing a market downturn but ending positively

• 47.8, leading to a positive market reaction

• 56, resulting in a stable market

• 52.6, causing a market downturn

Which sectors were highlighted as outperforming in the defensive trend observed in the equity markets?

• Energy and Industrials

• Technology and Healthcare

• Real Estate and Utilities

• Financials and Consumer Discretionary

What significant event occurred with the iShares Edge MSCI USA Momentum ETF recently?

• It merged with another ETF

• It saw a large inflow of funds

• It was rebalanced to include more tech stocks

• It experienced four straight days of outflows

What percentage of the iShares Edge MSCI USA Momentum ETF is composed of tech stocks?

• 27%

• 15%

• 50%

• 35%

How has the copper-gold ratio changed recently, and what economic factors are influencing this change?

• It has increased due to rising copper prices

• It has decreased due to increased gold mining

• It has remained stable despite economic fluctuations

• It has decreased due to a global manufacturing slowdown