Mixed Bag
Equities Report 2
The S&P 500 has shown resilience with a 1.25% increase over the past week, aligning with a robust 3-month trend of 14.77%. However, the Nasdaq has outperformed The S&P500 with a 2.28% weekly gain, reflecting a strong technology sector, which is also evident in the 17.61% three-month uptrend.
Value stumbled while other styles like Growth, Momentum and Quality continue their upward trajectory unabated.
On the other hand, the Russell 2000 index has seen a slight weekly decline of 0.57%, signaling a continuation of the recent caution surrounding small caps. Sector-wise, S&P Technology sector was once again the standout performer with a 4.46% weekly increase and a robust 22.23% growth over three months, buoying headline indices despite challenging results from other sectors like Energy and Utilities.
In the international arena, both developed and emerging markets have faced challenges, with the spread between the two rapidly closing in recent performance horizons.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. - Paul Samuelson