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Explore the latest trends and strategic insights in the May 2024 edition of the “Market Compass.”
This issue provides a comprehensive overview of the shifting dynamics in the global financial landscape, encapsulating major movements from Wall Street to the heart of Europe.
Delve into the current state of equity markets, witnessing a phase of consolidation after a robust start to the year. High-flying sectors such as semiconductors and luxury goods have faced adjustments, with notable companies like Nvidia, ASML, AMD, Hermes, and LVMH experiencing downturns. The S&P 500 and Nasdaq 100 have both closed lower, contrasting with a relatively steadier performance in European markets.
In our earnings season coverage, discover how a majority of U.S. companies have outstripped expectations, propelling sectors like communication services and information technology to new heights, while Europe shows solid growth despite mixed economic signals.
This edition also highlights the recent Bitcoin halving event, examining its impact on market valuations post-event and the anticipation building around Nvidia’s forthcoming earnings report, which is expected to be a market mover due to its pivotal role in the AI sector.
Strategic positioning updates are provided, reflecting adjustments in asset allocations amidst evolving market conditions. Learn why the seasoned adage “Sell in May and go away” might not hold true this year, supported by data and trends observed in recent summers.
Stay informed with our detailed market outlook, which anticipates a sideways consolidation in equity markets through the summer, balanced risk/return scenarios, and the potential challenges posed by persistent inflation and interest rates. This report is essential for understanding the nuances of market movements and preparing for potential shifts.
Download the full PDF of our May 2024 Market Compass for an in-depth analysis and forward-looking guidance on how to navigate these turbulent times in financial markets.
Do not hesitate to contact us with any questions about the topics discussed. We are happy to assist you with our expertise.
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