If you missed Bespoke's Paul Hickey on CNBC this morning, click here to watch the clip.
It has been 225 days since President Trump's Inauguration on January 20th, and the S&P 500 (SPY) entered today up 8% since the last close prior to the Inauguration. That ranks 35th out of 45 country stock market ETFs we track closely. With a gain of 20.4%, the average country ETF shown in the table below is up much more than the US (SPY) since Trump 2.0 began. Greece (GREK), Vietnam (VNAM), and Spain (EWP) are up the most at 50%+, while Italy (EWI) has been the best performing G7 country at +35.2%. Speaking of the G7, the US has been the worst market among these seven developed nations since Inauguration Day in January.
In addition to post-Inauguration Day performance, we also show how each country ETF has done since global equity markets made their post-tariff crash lows on April 8th. Since April 8th, the US (SPY) has posted much more respectable returns relative to the rest of the world; up 29.9% versus the average of 27.9%. Of the G7, only Italy (EWI) and Canada (EWC) are up more than the US (SPY) since April 8th, while France (EWQ) has lagged the most of this group with a gain of 19.5%.
Along with being the second best performing country ETF since Inauguration Day, Vietnam (VNAM) has easily been the best performer since April 8th with a gain of 77.5%. On the flip side, Saudi Arabia (KSA) is the only country ETF that is down over both periods (-10.9% since 1/20, -2.1% since 4/8). Argentina (ARGT) and Indonesia (EIDO) are two others that are now solidly red since 1/20, while India (INDA) is up just 1.6% since 1/20 and 5.7% since 4/8 (second worst).
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