5 ETFs That Outshined During 100 Days Of Coronavirus Pandemic

It’s been 100 days since the World Health Organization declared COVID-19 a pandemic on Mar 11. The news led to a historic sell-off in the equity markets, ending the biggest U.S. bull market run in the history. In fact, the three major U.S. indices slipped into a bear market in less than a month, representing the fastest-ever bear market.

However, the stocks made a solid comeback from its lows buoyed by a surging technology sector, an unprecedented stimulus from the central bank and the government, and hopes of a potential coronavirus vaccine.

Additionally, the latest bouts of data indicate that the economy has been recovering faster than expected from the COVID-19 pandemic. This is especially true since U.S. retail sales jumped 17.7% in May as states gradually reopened their economies and consumers spent more. Also, industrial production rose 1.4% with the resumption of operations. The United States added 2.5 million jobs in May — the largest monthly gain since the Bureau of Labor Statistics started tracking the data series in 1939. Additionally, in June, homebuilder confidence posted a record jump while consumer sentiment climbed the most since 2016.

Further, the Fed’s latest move to provide liquidity in the markets and the Trump administration’s $1 trillion infrastructure spending package added to the strength. The central bank announced that it would begin purchasing individual corporate bonds as part of its emergency lending program to inject liquidity into the virus-stricken economy.

Most notably, the S&P 500 is up about 40% from the late March lows even though U.S.-China trade tensions, civil war, and a second wave of COVID-19 infections weighed on investors’ sentiment. While every sector of the market has rallied, information technology and consumer discretionary has been the clear winner during the pandemic.

Below, we have highlighted five ETFs that have easily crushed the S&P 500 defying the pandemic.

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Disclosure: Zacks.com contains statements and statistics that have been obtained from sources believed to be reliable but are not guaranteed as to accuracy or completeness. References to any specific ...

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