Key highlights from this interesting read:
S&P 500 touching double digit growth in the first half of 2023, defying expectations even as inflations stayed high.
Tech mega-caps have primarily lead to the massive rally. Equally weighted these stocks constitute just 5% returns.
Morning star shows that $37bn has exited US Equity funds while $108bn have been gathered in bonds.
The inverted yield curve still signals a recession. The average time from the inversion to recession is 18 months.
Pre-inflation, beta was king. Markets provided extreme performance resulting in an average S&P 500 Return of 15% over 2010 to 2021.
Average dip post GFC is around -2% for around 2 months while Pre-GFC it was for around 5 months and -7%.
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