Jodie Gunzberg

Managing Director, Head of U.S. Equities
S&P Dow Jones Indices
Biography

Jodie M. Gunzberg is Head of U.S. Equities at S&P Dow Jones Indices (S&P DJI). She is responsible for the product management of S&P DJI’s U.S. Equity indices, including the S&P 500® and The Dow®, the most followed equity indices in the world. Jodie is the chief spokesperson and product strategist for these indices, educating the market about their benefits and risks, and she sources market feedback to manage continued product development for growth opportunities. Jodie also oversees certain indices relevant to retirees, including the S&P Target Date and S&P STRIDE index series.

Jodie joined S&P DJI in 2010 as Director of Commodities product management. Prior to that, she spent several years in investment consulting at Ibbotson and Morningstar, and was the chief investment strategist for Marco Consulting, where she advised roughly 350 Taft-Hartley plans with USD 85 billion in assets. Jodie started her career as an actuarial associate at New York Life Insurance Company and subsequently worked as a quantitative analyst and portfolio manager on the buy-side. She managed real estate at Equity Office Properties, fixed income at ABN AMRO Asset Management, and equities and hedge funds at Driehaus Capital Management and Aragon Global. 

Jodie is a CFA charterholder, as well as a member and curriculum consultant of the CFA Institute. She is also a former member of the Board of Directors for NYSSA and CFA Chicago. Jodie currently serves on the Advisory Board for the Department of Finance of Hofstra University and the Editorial Advisory Board for J.P. Morgan Center for Commodities at the University of Colorado. She received her MBA from the University of Chicago, Booth School of Business, and earned a B.S. in Mathematics from Emory University.

Author Archives: Jodie Gunzberg

S&P 500 On Pace For Best January Since 1989

In the first seven trading days of 2019, the S&P 500 had its hottest start since 2003.  That happened following the Fed’s message that it was in no hurry to raise interest rates.  The Fed met again yesterday signaling it might end the interest rate increases, which pushed the S&P 500 up 1.55% for the day (Jan. Read more […]

Style Designed For Performance

Style, the name for the value (growth) factor, is one of the oldest known investment factors.  It can be defined in different ways, but in the S&P Composite 1500 that includes the S&P 500, S&P MidCap 400 and S&P SmallCap 600, style is measured by growth and value along two separate dimensions, with three factors used to Read more […]

Communication Services Is Getting Louder

Since the sector shakeup on Sep. 24, 2018,  the S&P 500 fell 19.5% through the close of Dec. 24, 2018 then rebounded 12.2% by the close of  Jan. 23, 2019 for a loss of 9.6% in the full period.  The annualized volatility of 22.8% in the past 82 days has been the highest since the 82 Read more […]

S&P 500 Has Its Hottest Start Since 2003

In the first seven trading days of 2019, the S&P 500 returned 3.6%, its 12th best start on record since 1928 and best since 2003.  Also, the S&P MidCap 400 and S&P SmallCap 600 surpassed large caps by posting their best gains ever to start a year.  Lastly, more than half the segments by sector, size Read more […]

The 2nd Worst December Is Only Half The Story

The S&P 500 lost 9.2% in its second worst December on record – only behind December 1931 when the index lost 14.5%.  However, the widespread losses across sectors, styles and sizes in the broad U.S. equity market was remarkable with every major segment down in December.  Only 9 times in history has every segment of the Read more […]

Taking Stock Of U.S. Equities In 2018

As the year comes to a close with just two trading days left of the second worst December on record since 1931 for the S&P 500, it may be hard to remember the relatively calm rise before the volatile downturn took over.  Though there is not an official bear market yet, there was a 19.8% Read more […]

Large Caps Lag In Rebounds

The entire U.S, equity market lost on Monday, Dec. 17, 2018, meaning every one of the 42 segments by size, sector and style finished negative for the day.  This was the second day in a row with losses across the board.  From Oct. 10-11, 2018 was the last time two consecutive days with all losses Read more […]

Mid Caps Less Risky Than Large Caps?

In November, there was high market volatility in response to at least a few major events including the U.S. midterm elections, Brexit, G20 and Fed Chair Powell’s comments.  The risk (measured by 30-day annualized volatility) on Nov. 30, 2018 for the S&P 500 was 20.6%, which is 3.5 times higher than its risk of 5.9% Read more […]

Sizing Up U.S. Equities In Managing Brexit Risk

One of the main recent headlines has been the strength of the UK pound from the proposed Brexit transition.  This brings into question how investors in the UK and Europe may possibly position themselves in the U.S. equity market. Notice in the past five days, the USD to GBP started from a high of 1.305 Read more […]

Stocks Rocked The House Post Midterm Elections

After the S&P 500 logged its 9th worst Oct. on record, losing 6.9%, it has bounced back 2.6% month-to-date through Nov. 9, 2018.  Though the monthly returns for the eight Novembers following the historically bad Octobers were only positive twice – in 1978 (President Jimmy Carter midterm year) and 1933 – the fact there was Read more […]