Can Global Equities Sustain The Bear Grip?
With market participants appearing to embrace the manifestations of a slowing economy and easing inflationary pressures, global stocks continued to gain momentum in the past fortnight. The technology-heavy Nasdaq Composite and Small-Cap shares also did well. The S and P 500 index’s bestperforming sector was consumer discretionary, which saw gains from Amazon and Tesla, while the normally defensive healthcare and utilities sectors underperformed. In the US, the Bank of America published its Monthly Fund Manager Survey, which revealed some interesting facts.