performance- VIX futures (VXX) rally as the SPX sees further losses off Monday's price reversal; Peru (EPU) remains the strongest emerging mkt. region today; Silver futures (SLV) sell-off sharply again on heavy SLV vol., tests rising 50d moving avg.
ETFs and ETNs Posting Relative Strength/Outperformance:
VIX futures- VXX +3.25%, VXZ +1.0%, Peru- EPU +2.5%, Yen- FXY +0.50%, U.S. Treasuries- TLT +0.50%, TLH +0.50%, IEF +0.25%, TIP +0.25%, muni bonds- MUB +0.50%, livestock and meat futures- COW +0.25%, & Pound/Sterling- FXB +0.25%
ETFs and ETNs Posting Relative Weakness/Underperformance:
silver futures- SLV -5.5%, SIVR -5.5%, rare earth metals- REMX -4.0%, physical palladium- PALL -3.75%, solar power- TAN -3.75%, oil & gas exploration, services, & production- XOP -3.5%, XES -3.25%, XLE -2.25%, metal miners- XME -3.5%, cotton futures- BAL -3.5%, B2B- BHH -3.25%, & coffee futures- JO -3.5%