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Investment Weekly

Market gains broaden out
28 March 2024

    Chart of the week – Market gains broaden out

    Recent gains in stock markets have broadened out. Since early February, the equal- and market cap-weighted S&P 500 indices have performed roughly in line (+7 per cent). This is echoed in year-to-date global equity performance, which shows a narrower dispersion of sector returns relative to 2023. Tech names remain ahead of the pack, but industrials, financials and energy aren’t far behind. Investors are gaining confidence to diversify beyond the ‘Magnificent Seven’. This reflects how the soft-landing narrative continues to dominate market psychology.

    Chart of the week – Market gains broaden out

    More from this week:

    Market Spotlight

    • CREating opportunities

    Lens on…

    • Stocks’ liquid injection
    • EM currencies on discount
    • India’s yield advantage

    Download the full report PDF, 3.4MB