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...The poorest nation in the Americas, Haiti has suffered worsening violence and poverty since the assassination in 2021 of president Jovenel Moïse....
...Even smaller stocks are finally catching up a little, with the Russell Midcap index (+4.3 per cent) and the Russell 2000 (+3.6 per cent) leading the Russell 1000 (+3.2 per cent) in March, notes Bank of America...
...The inflows means America’s global dominance of global equity markets is now approaching the levels seen in the 1950s and 1960s, when the US led the postwar economic recovery and the Nifty Fifty grouping...
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
Prime Minister Ariel Henry hopes Kenya-led force will shore up security as armed gangs overrun capital
Prime Minister Ariel Henry remains out of the country as he pleads for international intervention
...This story has been amended to correct the percentage increase in the S&P 500 on Thursday...
...New drilling techniques have opened up access to enormous oil and gas reserves in North America....
...Bank of America analysts said 75 per cent of investors now expected a so-called soft landing for the economy, leaving 20 per cent forecasting no landing at all and just 5 per cent a hard comedown....
...Indeed, based on those kicking off the reporting season, some three-quarters of S&P 500 companies have delivered positive surprises, according to FactSet....
...Japanese stocks traded on a P/E of 67x in 1990. The Nifty 50 traded on a P/E of 34x in 1973....
...Meanwhile, S&P Global will release its purchasing managers’ indices for manufacturing and services, with February readings expected to dip slightly from January levels....
...Seems to me, therefore, that unless I can beat the S&P 500 — in sterling to match my liabilities — I shouldn’t bother. The author is a former portfolio manager....
...Or crashing, say if inflation returns (America?) or geopolitics worsens. Any of these scenarios is possible....
...And, lo: This wasn’t just a narrow large-cap US stockpickers vs S&P 500 issue either....
...Dodds said North America was “critically important to all motorsports”, and that Formula E would be open to selling the team to a US manufacturer....
...S&P already holds a negative outlook on the country....
...Information technology companies make up only 1 per cent of the FTSE 100; in the S&P 500, it’s 29 per cent....
...In the S&P 500, 64 per cent of stocks have crossed above their 200-day moving average, which is above the historical mean: Every S&P sector has positive returns over the period....
...High multiples on which they trade have pushed the broader S&P 500 Shiller price-to-earnings ratio, aka the cyclically adjusted p/e ratio (CAPE), up from less than 30 times in late 2022 to 34 times....
...Goldman Sachs, Bank of America and Société Générale have all recently raised their end of year forecasts for the S&P, which has notched more than a dozen record closes in 2024....
...And — as a chart borrowed from Duncan Lamont at Schroders shows — the extent of concentration in the S&P 500 is not something investors are used to....
...Many are now snapping up options tied to the S&P that profit if the market keeps on rising....
...S&P’s O’Neill expects miners will look at energy efficiency, especially the economics of renewable energy projects. But that might not be enough....
...“It’s just harder and harder to get excited about owning the S&P 500 because of how well that index has done, how high the valuations are,” he said....
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