Tag Archives: The 500
S&P 500: America’s Benchmark
Cathy Clay, CEO of S&P Dow Jones Indices, and Lynn Martin, President of the NYSE Group, recently met on the trading floor of the New York Stock Exchange to discuss how the S&P 500 connects America’s past, present and future. Drawing on the index’s nearly 70-year legacy, they examine what has made the benchmark so iconic—its role…
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Spot the Difference
From a U.S. equities perspective, the first month of 2026 started on a different trajectory compared to years past. S&P 500® performance trailed much of the rest of the world (as measured by the S&P World Ex-U.S. Index), and within the U.S., the performance of the S&P 500 Information Technology (“U.S. Tech”) ranked in the…
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Tech Tantrums
The past week has been turbulent for Big Tech, with disappointing reactions to earnings from Microsoft, Amazon and Alphabet, while Apple and Meta emerged relatively unscathed after announcing their results. Concerns about growing capital expenditures on AI1 among these giants have led to renewed bubble fears among market participants. In an environment characterized by such…
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Stocks, Sectors and Success?
The recent market rotation toward small caps and value has also extended toward sectors,1 with Technology, which was one of the top-performing sectors of 2025, turning from a leader into a laggard in January. Meanwhile, cyclical sectors including Energy and Materials have outperformed. But how challenging have the conditions been for sector allocators? Exhibit 1…
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The Momentum Factor: Continuing to Thrive beyond U.S. Borders
Last August, we published a blog highlighting the impressive H1 2025 performance of the S&P World Ex-U.S. Momentum Index compared to both its benchmark universe and the S&P 500®. This strong momentum persisted through the remainder of 2025, with the S&P World Ex-U.S. Momentum Index closing the year with an impressive 43.22% gain (see Exhibit…
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Big Tech, Breadth and Balance
U.S. equity markets have been whipsawed in the past few days, with initial optimism surrounding Big Tech earnings powering the S&P 500® to an intraday high, and subsequent disappointing reactions to earnings coupled with the Fed’s decision to hold rates steady leading to a sharp retreat for The 500®. The pullback in Tech and the…
2026 Is the Year of the Stock Picker?
Recent market commentary has declared that 2025 was a brutal year for stock picking, with USD 1 trillion pulled out of active equity mutual funds during the year, according to the Investment Company Institute. The year was characterized by sharp double-digit swings for the S&P 500®, and in such environments filled with bouts of volatility,…
- Categories Equities, S&P 500 & DJIA
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A Fundamental Approach to Weighting Stocks: The S&P 500 Revenue-Weighted Index
The S&P 500® Revenue-Weighted Index assigns company weights based on revenue rather than market capitalization. By anchoring weights to revenue, the index may help reduce concentration risk, limit weights in higher-valued stocks and increase representation of companies that generate more sales. In this blog, we review the index’s performance characteristics, valuation metrics and diversification profile….
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Cautioning the Clairvoyant
December is typically when we hear Wall Street strategists announce their forecasts for the S&P 500® for the year ahead, and this year has been no exception: 2026 forecasts have ranged from a relatively bearish 7,100 from Bank of America to a bullish 8,000 from Deutsche Bank. But how accurate have these forecasts been in…
- Categories Equities, S&P 500 & DJIA
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Rallies, Records and Relentless Restlessness: A Tale of Markets in 2025
As 2025 draws to a close, U.S. large caps boast impressive gains: after a rocky start that saw a 19% drawdown, the S&P 500® is up 18% including dividends, as of Dec. 12, significantly above its annualized total return of 10.8% since inception in 1957. The U.S. bellwether also recorded 37 all-time highs this year….
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