Stock pickers sidelined with world events overshadowing earnings
S&P 500 index constituents are increasingly moving in unison as global events sway markets broadly. Read more.
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S&P 500 index constituents are increasingly moving in unison as global events sway markets broadly. Read more.
The current earnings season is being overshadowed by macroeconomic forces such as conflict in the Middle East and surging Treasury yields. As a result, S&P 500 Index constituents are moving in unison as global events sway the markets. This is making it difficult for stock pickers to outperform their benchmarks, with only 37% of large-cap active managers outperforming their benchmarks as of September. Investors are now looking to Big Tech giants' earnings next week for signs of whether Wall Street projections are too optimistic.
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