SMF Notes Currency, world region, commodity futures, & domestic sector ETF & ETN performance-

 Regional (KRE) & Commercial banks (KBE) display Financial Sector (XLF) leadership this morning; CRB Index (BAL, SGG, COW, JJG, JJC) weaker even as the USD (UUP) slides

ETFs and ETNs Posting Relative Strength & Outperformance:
Eurozone- EWD +2.5%, EWI +1.75%, EZU +1.25%, EWK +1%, EWP +1.25%, emerging mkts.- INP +1.75%, VNM +1.5%, PIN +1.75%, FXI +1.5%, GXC +1.5%, EZA +1%, BKF +1%, EWZ +1%, financials & banks- KRE +1.75%, KBE +1.75%, XLF +1%, KCE +1%, comp. software- IGV +1.25%, and clean energy- TAN +1.5%, FAN +1%

ETFs and ETNs Posting Relative Weakness & Underperformance:
CRB Index- BAL -4%, SGG -1.25%, COW -0.75%, JJG -0.75%, JJC -0.75%, OIL -0.75%, SLV -0.50%, uranium & nuclear energy- URA -2.5%, NLR -1%, VIX futures- VXX -1.5%, VXZ -2%, gold/silver/metal miners- GDXJ -0.75%, REMX -1%, XME -0.75%, & commodity indexes- USCI -1%, GSG -0.75%