BofA: Don't sell in May and don't go away
gained around 3.6% in June, proving the old adage “sell in May and go away” wrong once again, Bank of America strategists said in a Monday note.
“There have been 31 all-time highs reached by the index YTD, with 179 stocks hitting new high,” BofA strategists wrote. “US was the best-performing region in 1H, outperforming international stocks.” Just 24% of stocks in the S&P 500 have outperformed the index year-to-date, marking the third narrowest six-month period since 1986. Nvidia (NASDAQ:“Narrow market breadth isn’t a harbinger of a sell-off but we think it suggests the market is likely to broaden out,” strategists said.
Momentum factors led significantly, rising 10.8% year-to-date compared to the equal-weighted S&P 500's 4.1% gain. This factor group is now the most crowded, with active mutual funds shifting from a record-low 14% underweight in 2022 to approximately 30% overweight today.underperformed in June, declining by 0.9%, compared to the Russell 1000’s 3.3% gain and the Russell MidCap’s 0.7% decline.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
May retail sales looking solid despite subsiding inflationMay retail sales looking solid despite subsiding inflation - BofA
Baca lebih lajut »
Miss Manners: I don’t like it when servers don’t write down ordersAdvice from Judith Martin, Nicholas Ivor Martin and Jacobina Martin.
Baca lebih lajut »
You don't have to suffer through your birthday, but don't ignore your feelings.Many people find themselves feeling sad around their birthdays. Here are some ways that you or a loved one can manage the birthday blues.
Baca lebih lajut »
Actually, You Don’t Have To Give Second Chances To People Who Don’t Deserve ThemI am done with excuses.
Baca lebih lajut »
People born in America may take freedom and prosperity for granted, but refugees don’tWe are so caught up in our petty bickering that we no longer see the beauty refugees see when they step onto our shores.
Baca lebih lajut »
LOVERRO: Daniels may be an ace, but Commanders don't have a full house yetThese are some pretty impressive quotes from NFL veterans about a rookie Washington quarterback who has yet to play one down in an NFL game.
Baca lebih lajut »