September 5, 2018—At the end of September, the S&P 500 index is getting a makeover. Below we answer the four most pressing questions related to the changes.1) What is happening?On September 30, 2018 Standard & Poor’s is reshuffling their sector schematic, which will include redefining the existing technology, consumer discretionary, and telecommunications sectors.
August 7, 2018— Now that the S&P 500 earnings calendar has seen the second quarter come and go, most companies have reported results that reflect another stellar earnings season. More companies—over 80%—beat earnings in the second quarter than during any point since the mid ‘90s, when data started being tracked. On average, earnings beat analysts’ estimates by about 5%.
July 27, 2018—Emerging markets (EM) assets have had a rough go of it this year, to say the least. EM equities are down 13% from their January highs, and currencies have been similarly challenged. The combination of a tightening Fed, a stronger dollar, trade tensions, and slowing global growth have compounded with country-specific concerns to weigh on EM assets.
We have held an overweight to EM equities since November 2016, which has been a drag on performance this year.