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Equities

Favorable Fundamentals Keep Equities on Track, UBS Says

US equities continued their upward trajectory last week, bolstered by signs of a cooling labor market, including higher-than-expected jobless claims, which fueled optimism for Fed rate cuts later this year. The S&P 500 has now recovered most of April's losses and sits just 0.8% below

Souring Profit Outlooks Cast Shadow on S&P 500's Rally: Bloomberg

Despite a strong earnings season with the majority of S&P 500 companies exceeding profit expectations, the sustainability of the recent market rally is being questioned due to increasingly pessimistic profit outlooks, according to a report by Bloomberg. While 79% of S&P 500 firms have beaten profit

Inflation Concerns Weigh on Stocks and Bonds during April

Global equity and fixed income markets experienced a challenging April, driven by concerns over persistent inflation and expectations of prolonged high interest rates, according to a report published by JPMorgan. Rising US inflation data and resilient private demand, despite weak first-quarter GDP growth, have fueled concerns that central banks may

S&P 500 Companies Exceed Earnings Expectations in Q1: FactSet

S&P 500 companies are surpassing earnings expectations for the first quarter of 2024, with both the percentage of companies reporting positive surprises and the magnitude of those surprises exceeding historical averages, according to a report by FactSet. With 80% of S&P 500 companies having reported Q1
S&P 500 Companies Exceed Earnings Expectations in Q1: FactSet

Tech Optimism Helps Offset Macro Worries: UBS

Strong earnings results from Microsoft and Alphabet have boosted optimism in the tech sector and helped offset concerns over the US economic outlook, according to an article published by UBS. S&P 500 futures pointed to a positive end to the week for equities, as investors cheered the tech
Tech Optimism Helps Offset Macro Worries: UBS

Private Equity at an Inflection Point: Goldman Sachs

After a sluggish year for dealmaking in 2023, the private equity industry is poised for a turnaround, according to a recent report from Goldman Sachs. Key factors driving this expected resurgence include stabilizing interest rates, strong company balance sheets, and a substantial pool of "dry powder" - capital
Private Equity at an Inflection Point: Goldman Sachs

Private Equity Exits Remain Muted Despite Market Highs, Prompting Focus on Secondary Deals

Despite public equity markets reaching record highs and improving economic outlooks, private equity (PE) exit activity remains surprisingly subdued, prompting investors to turn towards the secondary market for liquidity. A recent report from JPMorgan highlights this trend, raising questions about the future of PE exits. "Muted exit activity has

Market Pessimism Premature and Overdone: UBS

Despite recent market turbulence triggered by geopolitical tensions and rising bond yields, UBS believes the resulting investor pessimism is "premature and overdone," according to a research note published by its CIO office on Monday. The Swiss bank remains optimistic about a market rebound, citing strong US earnings growth

Japanese Economic Indicators Signal Positive Trend for Stocks, Says Sumitomo Mitsui

A report published by Sumitomo Mitsui on Tuesday affirms a bullish outlook for the Japanese economy and its stock market, emphasizing the confluence of positive economic indicators and supportive policy initiatives. The asset management firm suggests that these factors are creating a fertile ground for sustained growth and present attractive

2024 Equity Outlook

Author: Bruce Liegel Stock markets had a furious rally into year-end after the Federal Reserve finally capitulated and announced the “end” of rate hikes. Based on the long-term trend in interest rates, this may be the end of the first tightening cycle, but just the beginning of a longer secular