On February 19th, the S&P 500® closed at an all-time high of 3386; last night, exactly one month later it closed at 2409, a 29% decline from the high. Let’s take a moment to reflect on what’s happened over the last month. We should first start by putting the decline into historical context. The peak-to-trough…
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Our SPIVA® reports have shown, year after year, that market-cap weighted benchmarks are, to put it kindly, hard to beat. However, in 2019 a range of circumstances made “hard to beat” become nigh-on impossible for the S&P 500®. In general, there are three common ways by which an active portfolio can outperform its benchmark: over…
Coming into month-end, and as the street prepares its monthly summaries, (all figures are as of May 29th), the S&P 500 looks set to complete the month with a loss of around 5%. So, what went wrong? Global markets started the year very positively: the S&P 500 was up 18% by the end of April,…
As a leading index provider with clients and customers around the world, S&P Dow Jones Indices regularly launches new indices. Just like our children, we try to love them all equally. Every now and then, however, a particularly exciting new index comes along. Last week, our global equities group launched a potentially important new benchmark…
Theories that aim to predict stock market performance range from the complicated and impenetrable to the arcane and simply ridiculous. But some are wonderfully clear: for example, December is usually a good month. In the festive spirit, and not to be taken too seriously, we’ve duly found that the evidence supports the existence of a “Santa Claus…
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