U.S. Performance Dashboard – November 2024
U.S. markets kicked off November with an upbeat reaction to the Presidential election, amid a backdrop of robust economic data and mixed Q3 corporate earnings results. Despite a mid-month pullback, the S&P 500® recovered to post its biggest monthly gain of the year, up 6%. Mid- and small-cap stocks soared, with the S&P MidCap 400® and the S&P SmallCap 600® up 9% and 11%, respectively, showcasing a broadening of the market rally. Despite looming uncertainty over potential tariffs [...]
U.S. Performance Dashboard – October 2024
As U.S. equity markets brace themselves for employment numbers, the upcoming Presidential election, and a Fed rate decision, disappointing outlooks from Big Tech led to a retreat in mega-cap strength on the final trading day of October. The S&P 500® declined by 1% for the month, although large caps outpaced their small-cap peers. On the back of strong earnings and disinversion of the yield curve, Financials led among large-cap sectors, up 3%, while Materials and Health [...]
U.S. Performance Dashboard – September 2024
Thanks to optimism surrounding a soft landing, encouraging inflation results, and recent Fed rate cuts, U.S. markets experienced a broadening of the rally in Q3. The S&P 500® continued to hit record highs, finishing the quarter up 6%. Despite the recent pullback in the rotation toward small caps, the S&P SmallCap 600® outperformed its large- and mid-cap peers, up 10% in Q3. With the exception of Energy, all sectors posted gains, with Utilities and Real Estate in [...]
U.S. Performance Dashboard – August 2024
Thanks to optimism surrounding a soft landing and encouraging inflation results, U.S. large-cap equities managed to recover from the trouncing of stocks at the start of the month to finish August with a gain. The S&P 500® was up 2% in August, outpacing the S&P MidCap 400® and the S&P SmallCap 600®. Consumer Staples and Real Estate led among large-cap sectors. Meanwhile, Energy and Consumer Discretionary were the laggards, a potential signal of risk-off sentiment carrying over [...]
U.S. Performance Dashboard – July 2024
Propelled by weakness in Big Tech coupled with expectations of potential Fed rate cuts, the market witnessed a significant rotation toward smaller-cap stocks in July. The S&P MidCap 400® and the S&P SmallCap 600® were up 6% and 11%, respectively, outperforming the S&P 500® by a significant margin. Real Estate and Utilities led among large-cap sectors, while Information Technology and Communication Services were the laggards. Most of our reported factor indices posted gains, led by dividend and value [...]
U.S. Performance Dashboard – June 2024
Markets shrugged off inflation concerns and uncertainty over the timing of potential Fed rate cuts thanks to AI-related optimism. Powered by mega-cap outperformance, U.S. large-cap equities surged upwards, with the S&P 500 up 4% and the S&P 500 Top 50 up 9% in Q2. Mid and small caps didn't fare as well as their large-cap peers, with the S&P MidCap 400 and the S&P SmallCap 600 both down 3%. Information Technology and Communication Services were [...]
