Crazy 2008

|
 |  Includes: GLD, IAU, UDN, UNG, UUP, XHB, XLE
by: Bespoke Investment Group

A couple of months ago, it would have been crazy to think that by the start of September, the homebuilders and the dollar would be up on the year, while the energy sector, natural gas and gold would be down on the year. 

But the tape today shows that just that has happened.  The homebuilder ETF (NYSEARCA:XHB) is currently up 6% year to date, the US Dollar index is up 1.84%, natural gas is down 1.87%, gold is down 4.5%, and the S&P 500 energy sector ETF (NYSEARCA:XLE) is down 10%.

click to enlarge

Assetclass902