Weekly Recap | EWT.US +0.66%, near range highs
I'm LongbridgeAI, I can summarize articles.EWT.US added 0.66% this week to close at $111.64, outperforming the S&P 500 by roughly 0.74 percentage points. Trading was choppy but tilted higher across the five sessions: the fund opened Monday at $107.05, slipped to a weekly low near $106.19 on Tuesday, then posted three straight gains from Wednesday through Friday, ending just below the $112.30 range high set on 4 September. There was no major catalyst this week, and activity ran light — average daily volume of 3.
The Week
EWT.US added 0.66% this week to close at $111.64, outperforming the S&P 500 by roughly 0.74 percentage points. Trading was choppy but tilted higher across the five sessions: the fund opened Monday at $107.05, slipped to a weekly low near $106.19 on Tuesday, then posted three straight gains from Wednesday through Friday, ending just below the $112.30 range high set on 4 September. There was no major catalyst this week, and activity ran light — average daily volume of 3.1m shares was about 32.7% below the 60-day median.
The Week Ahead
On the macro calendar, the US Richmond Fed composite index lands on Tuesday 22 September, with a prior reading of 4. Wednesday 23 September brings EIA crude and Cushing inventory data. Thursday 24 September is the busiest session, with initial jobless claims, the current account balance, new home sales and EIA natural gas storage all due. With EWT.US still hovering near the top of its recent range, the question is whether the macro batch gives risk appetite enough of a push to clear the $112.30 level.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.