Investment Weekly
Chart of the week – Market gains broaden out
Recent gains in stock markets have broadened out. Since early February, the equal- and market cap-weighted S&P 500 indices have performed roughly in line (+7 per cent). This is echoed in year-to-date global equity performance, which shows a narrower dispersion of sector returns relative to 2023. Tech names remain ahead of the pack, but industrials, financials and energy aren’t far behind. Investors are gaining confidence to diversify beyond the ‘Magnificent Seven’. This reflects how the soft-landing narrative continues to dominate market psychology.
More from this week:
Market Spotlight
- CREating opportunities
Lens on…
- Stocks’ liquid injection
- EM currencies on discount
- India’s yield advantage