Over the last week, US-related stock market ETFs have seen a pullback following the Fed's announcement that we'll eventually have higher interest rates. Our ETF matrix below highlights the recent performance of various asset classes. The left side contains US equity ETFs, while the right side contains international, commodity and fixed income ETFs. You can clearly see that the left side has a lot of red, while international markets have mostly gone up over the last week. Prior to the Fed decision last week, it was the US that was holding up better than the rest of the world, but Yellen & Co. changed the script.
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