How the Election Could Spark a Summer Stock Rally Despite ‘Sell in May’
S&P 500 Posts Strongest May Since 2020, Defying ‘Sell in May’ The S&P 500 index just recorded its strongest May performance since 2020, prompting questions about a potential summer rally as the market defies the “sell in May and go away” adage. “Momentum leads price, and a strong May increases the odds of a decent […]
Don’t Fear PCE: Stocks Ready for a Comeback
Stock index futures early Friday suggest the S&P 500 may face another decline. Over the past two days, the Wall Street barometer has dropped 1.33% due to disappointing technology sector earnings, dampening optimism about AI-related software and hardware companies. Concerns over rising borrowing costs have also affected sentiment. Midweek, the 2-year Treasury yield surpassed 5% […]
How This Fund Beat the S&P 500 with AI Investments
Durable Growth Strategy of the Putnam Large Cap Growth Fund Investors demand exceptional performance to justify higher fees for active management. Though beating broad stock indexes is challenging and fees often contribute to underperformance, active management can employ strategies to reduce long-term risk, even with aggressive growth aims. The $10.6 billion Putnam Large Cap Growth […]
S&P 500 Futures Fall as Bond Yields Continue Upward Trend
How Are Stock-Index Futures Trading? On Tuesday, the Dow Jones Industrial Average fell 217 points, or 0.55%, to 38,853. The S&P 500 increased by 1 point, or 0.02%, to 5,306, while the Nasdaq Composite gained 99 points, or 0.59%, to reach 17,020. Futures indicate U.S. stock indices will open Wednesday’s session in the red as […]
Top Industries Driving Success in a Leading Fund Manager’s Portfolio
As summer and the year’s halfway mark approach, investors see stock persistence paying off. Today’s advice comes from Morningstarās 2024 āoutstanding portfolio managerā Clare Hart, who will soon conclude her two-decade tenure as lead manager at JPMorganās Equity Income Fund (OIEIX). Under her leadership, the fund has achieved a 9.4% annualized gain since 2004, outpacing […]
Stocks Lift Wealth, Challenge Fedās Inflation Control
With 62% of U.S. adults owning a stake in corporate America, reducing consumer demand to lower inflation seems challenging. U.S. stocks hit new all-time highs last week, boosting the financial well-being of millions and complicating the Federal Reserveās inflation fight. According to Gallup data released this month, 62% of U.S. adults have investments in the […]
