SPY - Equity CEF Performances: Updated Through March 25 2022 (And A Look At HTD)

• It was another head-scratcher of a week as the mad rush out of bonds and into equities continued to power the major-market ETFs ever closer to break-even on the year.
• But with everything disrupting the new world order, from Russia-to-China, from oil prices-to-food prices, from 25 bp-to-50 bp rate rises, one would think caution would be the driving-force now.
• But here we are with the Dow Jones Industrial Average erasing most of a -10% correction just two weeks ago and is now only down -3.6% YTD.
• And for the S&P 500, SPY was up +1.8% last-week after being up +6.1% the week before while the Nasdaq-100 (QQQ) was up +2.4% after last-week's +8.4% move up.
• But for most equity CEFs, other than those focused in energy and commodities, it just meant another week of falling behind the major market ETF performances.

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