U.S. Performance Dashboard – January 2023
After a rollercoaster 2022 and despite mixed earnings results, January was a rosy start to the new year, characterized by better-than-expected GDP growth, a slowing pace of inflation and expectations of reduced rate hikes by the Fed, with the S&P 500® up 6%, posting its best January performance since 2019. Smaller caps performed relatively better, with the S&P MidCap 400® and S&P SmallCap 600® both up 9%. International equities outperformed the U.S., boosted by a weakening U.S. dollar [...]
U.S. Performance Dashboard – November 2022
A rally on the last trading day of November capped off a month of relief for the market in the form of easing inflation and optimism surrounding a potential slowing pace of U.S. rate hikes. The S&P 500® posted its second consecutive month of gains, with a total return of 6%. The S&P MidCap 400® and S&P SmallCap 600® were up 6% and 4%, respectively. All S&P 500 sectors finished higher with Materials in the lead and every [...]
U.S. Performance Dashboard – October 2022
Shrugging off disappointing "Big Tech" earnings and still-elevated inflation, hopes for a slowing pace of U.S. rate hikes helped the S&P 500® to its best month since July, with a total return of 8%. Outside the tech titans, earnings figures have been relatively encouraging and smaller companies have been riding the positive sentiment to double-digit gains. The S&P MidCap 400® and S&P SmallCap 600® were up 11% and 12%, respectively. Every S&P 500 sector finished higher with Energy [...]
U.S. Performance Dashboard – August 2022
U.S. equities began August continuing in rebound mode but reversed course to end the month in negative territory after a hawkish Fed and recession fears weighed on investors. The S&P 500® posted a loss of 4%, while the S&P MidCap 400® and S&P SmallCap 600® performed similarly with 3% and 4% declines. All factor indices posted losses, with High Beta and Growth in the rear. Most sectors posted losses; Energy and Utilities were the exceptions.
U.S. Performance Dashboard – July 2022
After a tumultuous first half of the year, U.S. equities staged a stellar comeback in July, driven by Big Tech outperformance and anticipation of a potential slowing in the pace of future rate hikes by the Fed. The S&P 500® posted a gain of 9%, while the S&P MidCap 400® and S&P SmallCap 600® performed relatively better. All factor indices posted gains, with High Beta and Growth in the lead. All sectors posted gains, with Consumer Discretionary [...]
U.S. Performance Dashboard – February 2022
U.S. equities faced a challenging February, with escalating geopolitical concerns including Russia's invasion of Ukraine along with uncertainty over the Fed's rate hike trajectory resulting in the S&P 500® briefly trading in official correction territory. Smaller-caps outperformed, with the S&P MidCap 400® and S&P SmallCap 600® both up 1%. International performance was also disappointing, with the S&P Developed Ex-U.S. BMI down 1% and the S&P Emerging BMI down 3%, as swings in oil prices amid Ukraine-Russia tensions roiled [...]
