U.S. equities were spooked on the last trading day of October by disappointing reactions to Big Tech earnings, sparking a sharp selloff in tech stocks, amid an evolving geopolitical backdrop. The final trading week was also accompanied by the Fed's decision to hold rates steady, as persistent inflation concerns weighed on sentiment. As investors looked forward to the outcome of the impending midterm elections, the S&P 500® ended the month down 1%. In a turnaround [...]

U.S. equities continued to march upwards in Q3, propelled by strong corporate fundamentals and economic growth. Shrugging off Treasury yields soaring to multi-year highs, ongoing geopolitical concerns, and worries over the sustainability of the AI trade, the S&P 500® closed the quarter up 2%. In a reversal from the trends observed in Q2, mega-caps outperformed, with the S&P 500 Top 50 up 4% in Q3. Mid and small caps underperformed large caps, with the S&P [...]

Turbulence continued to plague U.S. markets in July, as stocks were buffeted by AI-related jitters and fluctuating oil prices stemming from the conflict in the Middle East. The Fed's decision to keep rates steady spooked investors, but subsequent positive reactions to Big Tech earnings results and easing inflation assuaged nerves. The S&P 500® made a comeback in the final two trading sessions, climbing more than 2% to finish the month flat. Smaller-caps and mega-caps underperformed their [...]

The rally in U.S. equities continued in May, as strong tech earnings and AI-related exuberance propelled the S&P 500® to eleven all-time closing highs, while declining oil prices and easing geopolitical concerns amplified the market's positive sentiment. The 500 finished the month with a 5% gain. Mid-and small-cap equities lagged large caps, with the S&P MidCap 400® up 2% and the S&P SmallCap 600® up 1%, weighed down by headwinds including rising Treasury yields and inflation worries. Sector [...]

U.S. equities rallied in April, shaking off geopolitical concerns, oil price volatility and inflation jitters, thanks to strong corporate earnings and robust economic growth. In a dramatic turnaround from approaching the precipice of correction territory to subsequently reaching seven record closing highs, the S&P 500® gained 10%, marking its best monthly performance since November 2020. The rebound was broad based, with the S&P MidCap 400® and S&P SmallCap 600® rising 8% and 10%, respectively. Large-cap sector performance reversed [...]