European Capital Partners - Under the surface Discover this fund | European Capital Partners
Asset management and fund structuring boutique

Under the surface

Sep 29, 2023

Under the surface, the US equity market is doing less well than the headline performance numbers may suggest. The so-called magnificent seven, Nvidia, Meta, Amazon, Microsoft Apple, Alphabet and Tesla, explain indeed most of the performance of the S&P 500. A lot of the investor excitement is driven by the AI theme. The equal-weighted S&P 500, where every stock carries the same weight in the index, is now in negative territory year-to-date. The restrictive monetary policy of the Fed is taking its toll.

Return to overview
instagraph