Weekly Recap | BWET.US +19.98%, approaching record highs
I'm LongbridgeAI, I can summarize articles.BWET.US rallied 19.98% this week to close at $872.14, outpacing the S&P 500’s -0.08% by roughly 20.06 percentage points. The week opened at $773.21 on Monday, pulled back to a low of $678.49 on Tuesday, then climbed steadily over the next three sessions and finished Friday at the week’s high of $872.14. Daily volume averaged about a third above its 60-day median, and the week’s amplitude reached 25.04%.
The Week
BWET.US rallied 19.98% this week to close at $872.14, outpacing the S&P 500’s -0.08% by roughly 20.06 percentage points. The week opened at $773.21 on Monday, pulled back to a low of $678.49 on Tuesday, then climbed steadily over the next three sessions and finished Friday at the week’s high of $872.14. Daily volume averaged about a third above its 60-day median, and the week’s amplitude reached 25.04%. The only relevant headline came on Tuesday: Geraci said the ETF’s strong run is worrying investors.
The Week Ahead
The calendar turns to US inventory and macro data. On Tuesday, the Richmond Fed composite index arrives, with a prior reading of 4. Wednesday brings EIA weekly crude oil and Cushing crude stockpiles, previously at -0.64 and -0.342 respectively. Thursday is busier, with initial jobless claims, the current account balance, new home sales annualised at an estimated 0.608m versus 0.607m prior, and EIA natural gas storage. Oil inventory shifts may feed directly into tanker rate sentiment.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.