Invesco S&P 500 Equal Weight ETF (ARCA: RSP)

에 대한 최신 뉴스 Invesco S&P 500 Equal Weight ETF (ARCA:RSP)

Invesco S&P 500 Equal Weight ETF

Technology

Industrials

Financial Services

Consumer Cyclical

Healthcare

Real Estate

Consumer Defensive

Utilities

Energy

Other

Basic Materials

Communication Services

The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. The Underlying Index consists of all of the components of the S&P 500 Index (the Parent Index). The Parent Index is designed to measure the performance of equity securities of larger U.S.companies.

Mohawk Industries Inc.

Cco Holdings, Llc/ Cco Holdings Capital

Cbre Group Inc. Class A

Tesla, Inc.

Baker Hughes Co

3M Co.

Citizens Financial Group Inc.

D R Horton Inc

Truist Financial Corp

Stanley Black & Decker Inc.

Tapestry Inc.

Cvs Health Corp.

Gilead Sciences Inc

Exelon Corp

Philip Morris International Inc.

Abbott Laboratories

Globe Life Inc.

General Electric Co.

Uber Technologies Inc

Welltower Inc.

Darden Restaurants Inc.

Dollar Tree Inc

Dollar General Corp.

W R Berkley Corp

Ulta Beauty Inc

mosaic co

Universal Health Services Inc.

Hca Healthcare Inc

At&T Inc

Hess Corp

Newmont Corp

Intel Corp

Southwest Airlines Co

Cencora Inc

Palantir Technologies Inc

Netflix, Inc

Ge Vernova Inc

Amphenol Corp

Cadence Design Systems Inc

Crowdstrike Holdings Inc

Huntington Ingalls Industries Inc.

chamath palihapitiya

Equities

News

Broad U.S. Equity ETFs

Markets

ETFs

AAPL

AMZN

AVGO

GOOG

GOOGL

MSFT

NVDA

Rydex ETF Trust Rydex S&P Equal Weight ETF

TSLA

상장지수펀드(ETF)에 투자하여 분산 투자 효과를 누리려는 금융 시장 참여자들은 &#34;험악한 깨달음&#34;을 맞이할 수 있다고 한 벤처 캐피탈리스트가 경고했다. 이는 S&amp;P 500의 상위 10개 주식이 지수 시가총액의 40%를 차지하기 때문이다.

팔리하피티야: S&amp;P 500 지수 ETF가 &#39;수정&#39;되어야 하며 그렇지 않으면 &#39;재앙&#39;으로 끝날 것

Bull and bear stock market index

Analyst Color

Large Cap

Tech

자본 가중 S&amp;P 500 지수를 추적하는 SPDR S&amp;P 500 ETF Trust(NYSE:SPY)와 동등 가중 지수인 Invesco S&amp;P 500 Equal Weight ETF(NYSE:RSP) 사이의 성과 격차가 12월에 4%포인트 이상으로 확대되었다. 이는 2023년 5월 이후 월간 격차가 가장 큰 것으로, 올해 마지막 달에 소수의 주식 그룹이 시장 수익률을 얼마나 부담하고 있는지를 반영한다.

거대 기술 기업들이 S&amp;P 500 현실에서 벗어나면서 시장 폭이 더욱 악화: 2025년은 강세, 약세?

No Known Plans Yet

SPXE

도널드 트럼프의 미국 대선 승리는 주식 랠리를 촉발시켰다. 핀테크 기업 어프리시에이트(Appreciate)의 최고 비즈니스 책임자인 요게시 칸살(Yogesh Kansal)은 &#34;감세와 규제완화가 기업 수익 증가로 이어질 것&#34;이라는 트럼프 행정부의 계획에 따라 이러한 상승세는 지속될 것으로 전망했다. 그는 석유와 천연가스처럼 규제가 심한 분야가 트럼프 행정부 하에서 혜택을 받을 것이라고 덧붙였다.

트럼프의 규제완화는 에너지·석유·가스에 이익, AI 열풍은 FAANG 종목·엔비디아 상승시킬 것

Invesco Actively Managed Exchange-Traded Fund Trus Invesco S&P 500 Equal Weight Income Advantage ETF

Invesco S&P 500 Equal Weight Communication Services ETF

Invesco S&P 500 Equal Weight Consumer Discretionary ETF

Invesco ESG S&P 500 Equal Weight ETF

Invesco S&P 500 Equal Weight Financial ETF

Invesco S&P 500 Equal Weight Energy ETF

Invesco S&P 500 Equal Weight Health Care ETF

RESPIRERX PHARMA INC by RespireRx Pharmaceuticals Inc.

RespireRx Pharmaceuticals Inc

Invesco S&P 500 Equal Weight Materials ETF

Invesco S&P 500 Equal Weight Industrials Portfolio

Invesco S&P 500 Equal Weight Real Estate ETF

Invesco S&P 500 Equal Weight Consumer Staples ETF

Invesco S&P 500 Equal Weight Technology ETF

Invesco S&P 500 Equal Weight Utilities ETF

Tema ETF, known for its active thematic investment strategies, has unveiled a novel approach to traditional indexing. On Tuesday, in collaboration with S&amp;P Global Inc., the firm introduced the Tema S&amp;P 500 Historical Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSPY#NYSE">DSPY</a>), a new ETF product designed to tackle <a href="https://www.benzinga.com/markets">unprecedented index concentration risk. </a>
<h3 class="wp-block-heading">S&amp;P 500 Overconcentration Raises Red Flags, Equal Weight ETF Falls Short As Fix</h3>
"Today's S&amp;P 500 concentration is at an all-time high," said Maurits Pot, founder of Tema, in an exclusive interview with Benzinga.
The S&amp;P 500 is increasingly dominated by a handful of tech giants — the so-called Magnificent Seven — which include Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). 
These seven companies alone make up nearly 30% of the entire index. The top 10 stocks account for 36%, leaving the rest of the 490 companies with diminishing influence.
In comparison, the equal-weight S&amp;P 500 ETF, such as the Invesco Equal Weight S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>) gives each stock the same weight — about 0.2% — which effectively erases large-cap dominance but also deviates significantly from the actual index composition.
"If I go equal weight, I actually have very little exposure to the S&amp;P 500," Pot said. "Fundamentally, it&#8217;s a different product."
<h3 class="wp-block-heading">The DSPY Innovation: A Historical Index Weighting</h3>
Tema S&amp;P 500 Historical Weight ETF mirrors the S&amp;P 500 in every way — same companies, same sector exposures, same rebalance frequency — except for one critical difference: how each stock is weighted.
Instead of using the current market cap, the new product assigns each company the average historical weight of its index position (1 through 500) based on 35 years of data since 1989.
For instance, Apple Inc., now the largest stock in the S&amp;P 500 with a nearly 7% weight, is reweighted to about 3.9% — the average weight of the dominant S&amp;P 500 company over the past 35 years.
"What we've built is the S&amp;P 500 with historical weightings," Pot said. "This reduces concentration risk while preserving the index&#8217;s integrity."
Repeat this for all 500 positions, and you get a smoothed-out S&amp;P 500 — one that reflects the index's long-term structure without overexposure to today&#8217;s top tech names.
By using historical weight averages, the ETF maintains the structural DNA of the cap-weighted S&amp;P 500 index while diluting short-term dominance.
Unlike equal-weight ETFs that assign every stock the same arbitrary 0.2% weight, DSPY preserves the natural hierarchy of the S&amp;P 500, offering investors a more reliable and historically grounded representation of the U.S. large-cap market.
<h3 class="wp-block-heading">Comparing DSPY, S&amp;P 500, Equal-Weight ETF</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Metric</th>
<th>S&amp;P 500</th>
<th>Equal Weight (RSP)</th>
<th>DSPY ETF</th>
</tr>
</thead>
<tbody>
<tr>
<td>Top 3 Stocks Weight (%)</td>
<td>19.84%</td>
<td>0.60%</td>
<td>9.32%</td>
</tr>
<tr>
<td>Top 10 Stocks Weight (%)</td>
<td>36.01%</td>
<td>2.21%</td>
<td>21.28%</td>
</tr>
<tr>
<td>% Index Held by Top 50 Stocks</td>
<td>77.14%</td>
<td>26.22%</td>
<td>71.78%</td>
</tr>
<tr>
<td>Largest Sector Weight</td>
<td>Tech (30.42%)</td>
<td>Industrials (15.65%)</td>
<td>Tech (23.32%)</td>
</tr>
<tr>
<td>Index Coverage Similarity</td>
<td>100%</td>
<td>47%</td>
<td>85%</td>
</tr>
<tr>
<td>Rebalance Frequency</td>
<td>Quarterly</td>
<td>Quarterly</td>
<td>Quarterly</td>
</tr>
<tr>
<td>Apple Inc. Weight (%)</td>
<td>6.78%</td>
<td>0.20%</td>
<td>3.96%</td>
</tr>
<tr>
<td>Microsoft Corp. (%)</td>
<td>6.08%</td>
<td>0.20%</td>
<td>3.06%</td>
</tr>
<tr>
<td>Amazon.com Inc. (%)</td>
<td>5.98%</td>
<td>0.20%</td>
<td>2.30%</td>
</tr>
<tr>
<td>NVIDIA Corp. (%)</td>
<td>3.92%</td>
<td>0.20%</td>
<td>2.11%</td>
</tr>
<tr>
<td>Alphabet Inc. (%)</td>
<td>3.64%</td>
<td>0.20%</td>
<td>1.95%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: Tema ETF</figcaption></figure>
Read now: 
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44584000/veteran-investor-warns-of-rising-stagflation-risk-as-tariffs-loom-anticipates-squeezed-profit-margins-for-us-businesses">Veteran Investor Warns Of Rising Stagflation Risk As Tariffs Loom, Anticipates &#8216;Squeezed Profit Margins&#8217; For US Businesses</a></li>
</ul>
Photo: Shutterstock

Specialty ETFs

New ETFs

Exclusives

Tema ETF Trust Tema S&P 500 Historical Weight ETF Strategy

DSPY

EXCLUSIVE: Tema ETF Tackles Mag 7 Concentration Risk With New S&P 500 Historical Weighting Strategy

Investors who need to balance growth and risk protection now have a new choice in the market. First Trust has listed the FT Vest U.S. Equity Equal Weight Buffer ETF – March (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSMR#NYSE">RSMR</a>). With an expense ratio of 0.85%, this fund provides structured exposure to U.S. equities while hedging against market declines.
In the wake of increased concerns regarding concentration in the S&amp;P 500 index, particularly the Magnificent Seven dominance, investors have sought alternative means to gain exposure and control risk. RSMR <a href="https://www.sec.gov/Archives/edgar/data/1667919/000144554625002241/etf8_497k.htm">presents </a>a highly attractive option with exposure to the price performance of Invesco S&amp;P 500 Equal Weight ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>) accompanied by a defensive buffer against losses.
Upside Potential With Downside Protection
One of the most appealing aspects of RSMR is that it can replicate the price return of RSP to a <a href="https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=RSMR&amp;Print=Y">limit </a>of 13.86%. While doing so, it also offers a cushion against losses—protecting the initial 10% of RSP&#8217;s declines from the beginning of its outcome period.
Yet, note that in the event of a decline in RSP&#8217;s price by more than 10%, the fund will lose at the same percentage as RSP after that point. Also, once fees and other expenses are deducted, the true cap stands at approximately 13.01%, and the coverage drops to 9.15%.
Also Read: <a href="https://www.benzinga.com/general/biotech/25/03/44493674/eli-lilly-palo-alto-networks-traders-take-note-direxions-new-leveraged-etfs-are-here">Eli Lilly, Palo Alto Networks Traders Take Note: Direxion&#8217;s New Leveraged ETFs Are Here</a>
A Different Strategy Using FLEX Options
RSMR mainly invests in FLEX Options, which are structured contracts enabling investors to wager on the performance of the RSP. The options mimic RSP&#8217;s performance over a year, allowing investors to tailor crucial features such as pricing and timing.
With more than 160 ETFs traded in the United States, First Trust is a seasoned participant in the ETF market. The introduction of RSMR further illustrates the company&#8217;s dedication to delivering innovative investment products that respond to investors&#8217; changing needs.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/new-etfs/25/03/44518378/crypto-with-controlled-risk-how-fortunas-new-bitcoin-fund-aims-to-manage-volatility-maximize-return">Crypto With Controlled Risk: How Fortuna&#8217;s New Bitcoin Fund Seeks To Manage Volatility, Enhance Returns</a></li>
</ul>
Photo: Shutterstock

RSMR

New RSMR ETF Balances Risk And Reward For Investors

Analyst Ratings

Trading Ideas

Live On CNBC, Bill Baruch Announces Sold Invesco S&P 500 Equal Weight ETF; Bought Invesco QQQ Trust, Series 1

The Magnificent Seven stocks suffered their sharpest drop since last autumn after news broke that DeepSeek, an open-source AI model from China, had entered the fray, raising concerns over pricing power and competition in the sector. Yet, despite the tech sell-off, Goldman Sachs sees no reason to panic, indicating this is a temporary setback rather than the start of <a href="https://www.benzinga.com/topic/expert-ideas">a deeper bear market.</a>
In a note shared Wednesday, Goldman Sachs analyst Peter Oppenheimer indicated that bear markets typically emerge when profit expectations decline due to growing recession fears —conditions that are not currently in place thanks to solid economic fundamentals.
The U.S. economy remains on solid footing, with the bank assigning just a marginal probability of a recession in the next year.
&#8220;In our view this is a correction and not the start of a sustained bear market,&#8221; he said.
<h3 class="wp-block-heading">Market Context: High Valuations, No Recession, Rate Cuts Expected</h3>
Goldman Sachs highlighted that equity markets entered 2025 with high valuations, particularly in the U.S., where price-to-earnings multiples expanded significantly since late 2023.
&#8220;Equity markets came into the year&nbsp;priced for perfection, leaving them vulnerable to disappointments,&#8221; Oppenheimer said. 
Yet, Goldman Sachs remains confident in the broader economic outlook. The bank assigns just a 15% probability of a U.S. recession in the next 12 months and expects inflation to continue easing.
Modest interest rate cuts this year should further support stocks, while a cheaper AI entrant could even help lower costs in the tech sector.
<h3 class="wp-block-heading">High Market Concentration: A Risk Or An Opportunity?</h3>
Oppenheimer highlighted that the U.S. stock market has become increasingly concentrated, with the dominance of the technology sector and a few mega-cap stocks amplifying market swings.
Yet, the concentration risk is not a result of speculative excess but rather strong fundamentals driving earnings growth. While Goldman Sachs expects technology earnings to remain robust, their growth rate may moderate as competition intensifies.
&#8220;The revelation of a cheaper competitor entering the AI space has exposed the risk of concentration,&#8221; the report said. 
A key question for investors is whether AI-driven growth will continue benefiting the same dominant players or shift toward a broader set of companies involved in infrastructure and electrification. 
Historical examples, such as the telecom boom of the late 1990s and the rivalry between Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), suggested that even the most dominant firms eventually face competitive pressures.
<h3 class="wp-block-heading">What Next: Stay Invested, But Diversify</h3>
So, what should investors do now? According to Goldman Sachs, staying invested is key, but diversification is more important than ever. 
The bank recommends spreading exposure beyond the biggest tech names while maintaining hedges to protect against downside risks.
One way to do that is by focusing on the equally weighted S&amp;P 500, tracked by the Invesco Equal-Weight S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>), or mid-cap stocks via the SPDR S&amp;P MidCap 400 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDY#NYSE">MDY</a>). 
Another is to look at non-tech "compounders," companies with strong earnings potential but lower valuations.
Investors should also consider broadening their geographic exposure. Non-U.S. markets have quietly started to outperform in 2024, offering new opportunities beyond the tech-heavy U.S. landscape. 
Funds like the iShares MSCI ACWI ex U.S. ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACWX#NASDAQ">ACWX</a>) provide access to a broader range of global equities without exposure to the U.S. market.
Read now: 
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<li><a href="https://www.benzinga.com/25/01/43297305/us-stock-futures-trade-mixed-ahead-of-feds-decision-tesla-microsoft-meta-in-focus-before-earnings-report">US Futures Point To Cautious Start As Investors Await Fed&#8217;s Rate Decision: Tesla, Microsoft, Meta Among Stocks In Focus Ahead Of Earnings</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Econ #s

ACWX

INTC

DeepSeek Selloff Is A Correction, Not Start Of 'Sustained Bear Market': Goldman Sachs

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/01/2025-01-28_08h07_13.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Largest Market Cap Loss Ever</h4>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-nvidia-largest-loss-deepseek-nvda-mc-01282025">click here</a> for an enlarged chart of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Note the following:
<ul>
<li>The chart shows the drop in NVDA stock stopped before it reached the mini support zone.</li>
<li>Volume shown on the chart is very heavy, indicating conviction in the pullback.</li>
<li>RSI on the chart shows that NVDA is not oversold, indicating there is more room to the downside.</li>
<li>Yesterday, NVDA lost $589B in market cap.  This is the largest one day loss ever for any company.</li>
<li>Yesterday illustrates the importance of diversification and proper portfolio construction.  At this time, many retail investors are almost exclusively in AI stocks – such investors suffered massive losses yesterday.  The Arora Report Model Portfolios are illustrations of how to properly construct portfolios using over 50 different strategies.  </li>
<li>Wall Street is coming to Nvidia's defense. In The Arora Report analysis, further clarity is needed.  Nvidia issued a statement on DeepSeek, but the statement does not provide any clarity probably because Nvidia is in a quiet period prior to earnings.</li>
<li>Americans are willy-nilly installing DeepSeek without realizing it is opening their entire device to China.  DeepSeek is the most popular app in the Apple App Store.</li>
<li>Before the stock market opened yesterday, The Arora Report shared with you that Wall Street woke up after about a month after the prior version of DeepSeek was made available at Christmas time.  We also shared with you our skepticism about the cost of $6M for DeepSeek.</li>
<li>Upon further analysis, The Arora Report now has high conviction that the stated cost of DeepSeek is highly misleading.  This is important because it is the stated low cost figure that panicked Wall Street. </li>
<li>For the first time in 20 years, three remarkable things happened yesterday when S&amp;P 500 declined 1.5%:
<ul>
<li>The number of rising stocks far surpassed the number of declining stocks, 350 vs. 152.</li>
<li>Value stocks surged.</li>
<li>Invesco S&amp;P 500 Eql Wght ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>) was little changed.</li>
</ul>
</li>
<li>In The Arora Report analysis, instead of going into cash, investors exited AI stocks and bought value stocks.</li>
<li>Chips stocks are rising on a suggestion that Trump will place tariffs on imported chips.</li>
<li>There is also a report of Trump potentially imposing a universal tariff of at least 2.5%.</li>
<li>Those in the momo crowd who exclusively buy out of money call options on popular stocks have seen their accounts completely wiped out.  In our decades in the markets, we have seen this again and again – many in the momo crowd make a lot of money by recklessly buying options and then go on to lose their entire accounts.</li>
<li>Those in the momo crowd who still have money are aggressively buying NVDA, Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Cameco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>), Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), Nano Nuclear Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>), SoFi Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Rigetti Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), Quantum Computing Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), and WiMi Hologram Cloud Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>).  WIMI announced it will use DeepSeek, catching the attention of the momo crowd.</li>
<li>In The Arora Report analysis, it is important to understand that irrespective of how cheap it may be, corporate America is not going to make a Chinese model like DeepSeek the backbone of their AI efforts.  </li>
<li>Looking forward, we will be careful listening to earnings calls from Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to see if they are making changes to their capital expenditure plans after DeepSeek.</li>
<li>Durable goods came weaker than expected.
<ul>
<li>Durable goods came at -2.2% vs. 0.4% consensus.</li>
<li>Durable goods ex-transportation came at 0.3% vs. 0.5% consensus.</li>
</ul>
</li>
<li>Consumer confidence will be released at 10am ET and may be market moving.</li>
<li>The FOMC meeting starts today.  The rate decision will be announced tomorrow at 2pm ET, followed by Powell's press conference at 2:30pm ET.</li>
</ul>
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Alphabet (GOOG), Meta (META), and Nvidia (NVDA).
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft (MSFT), and Tesla (TSLA).
In the early trade, money flows are negative in Amazon (AMZN).
In the early trade, money flows are neutral in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.&nbsp; Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.&nbsp; The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).&nbsp; The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).&nbsp; The most popular ETF for oil is United States Oil ETF (ASCA:USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was first sold yesterday along with tech stocks.  The dip under $100K was bought.  As of this writing, bitcoin has stabilized over $100K.
<h4 class="wp-block-heading">Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.  Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Wall Street Comes To Nvidia's Defense After Biggest Loss Ever, Many Momos Wiped Out

Financial market participants who prefer to invest in exchange-traded funds for their diversification benefits could be &#8220;in for a rude awakening,&#8221; says this venture capitalist, as the top ten stocks in the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42678368/sp-500-hits-57-all-time-highs-in-record-breaking-2024-magnificent-7-drive-30-of-nasdaqs-surge">S&amp;P 500</a> represent 40% of the index market capitalization.
What Happened: Chamath Palihapitiya, the billionaire investor, and former Facebook executive, explains that greater concentration in a few stocks increases the risks of investing.
He highlighted the inequality in the weight of the stocks within the S&amp;P 500 index in an X post on Sunday and said, &#8220;If there is any market volatility, the lack of diversification could cause massive impairment.&#8221;
Kevin Gordon, the director and senior investment strategist at Charles Schwab shared a graphic showing the same.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Equal weight ETF's are always available.
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1873144584831910181?ref_src=twsrc%5Etfw">December 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, this holds true for ETFs mirroring S&amp;P 500&#8217;s weights. Spencer Hakimian, the founder of Tolou Capital Management, replied, to Palihapitiya&#8217;s post and said that &#8220;Equal weight ETF's are always available.&#8221; However, such ETfs also come with their rebalancing and tax costs,
See Also: <a href="https://www.benzinga.com/24/12/42700635/palantir-technologies-nearly-three-times-more-expensive-than-industry-average-shares-zoom-over-395-amid-overbought-conditions">Palantir Nearly 3X More Expensive Than Industry Average: PLTR Stock Zooms Over 395% Amid Overbought Conditions</a> 
Why It Matters: The following are the top ten stocks by index weight within the S&amp;P 500 index. These stocks include the &#8216;Magnificent Seven&#8217; stocks with various classes of their shares, along with Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>). The information technology sector has the highest weightage among the top 10 S&amp;P 500 constituents. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Constituent</td>
<td>Symbol</td>
<td>Sector</td>
</tr>
<tr>
<td>Apple Inc</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>Information Technology</td>
</tr>
<tr>
<td>Nvidia Corp</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>Information Technology</td>
</tr>
<tr>
<td>Microsoft Corp</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>Information Technology</td>
</tr>
<tr>
<td>Amazon.com Inc</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>Consumer Discretionary</td>
</tr>
<tr>
<td>Meta Platforms Inc</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>Communication Services</td>
</tr>
<tr>
<td>Alphabet Inc A</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>Communication Services</td>
</tr>
<tr>
<td>Tesla Inc</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>Consumer Discretionary</td>
</tr>
<tr>
<td>Berkshire Hathaway</td>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</td>
<td>Financials</td>
</tr>
<tr>
<td>Alphabet Inc C</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>Communication Services</td>
</tr>
<tr>
<td>Broadcom Inc</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>Information Technology</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: <a href="https://www.spglobal.com/spdji/en/indices/equity/sp-500/#data">S&amp;PGlobal Website</a></figcaption></figure>
For a market capitalization-weighted index, the weights are typically proportional to a company&#8217;s market cap, giving larger companies greater influence. However, an equal-weighted Index assigns the same weight to each constituent stock, regardless of its market size.
The S&amp;P 500 Index has outperformed the S&amp;P 500 Equal Weight Index this year and the same is the case with the ETFs tracking these indices. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 25.89% this year, while the Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>) gained only 11.94% in 2024. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index/ETF</td>
<td>Six Months</td>
<td>YTD</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>9.05%</td>
<td>25.89%</td>
</tr>
<tr>
<td>SPDR S&amp;P 500 ETF Trust</td>
<td>9.11%</td>
<td>25.89%</td>
</tr>
<tr>
<td>S&amp;P 500 Equal Weight Index</td>
<td>8.33%</td>
<td>11.88%</td>
</tr>
<tr>
<td>Invesco S&amp;P 500 Equal Weight ETF</td>
<td>8.43%</td>
<td>11.94%</td>
</tr>
</tbody>
</table>
</figure>
Photo by TechCrunch on Flickr
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42678014/top-7-blue-chip-stocks-with-the-best-return-potential-going-into-2025">Top 7 Blue-Chip Stocks With The Best Return Potential Going Into 2025 </a></li>
</ul>

Chamath Palihapitiya Says S&P 500 index ETFs Need To Be 'Fixed' Or They Will End In 'Disaster' — Here Is What The Billionaire Investor Said

The performance gap between the cap-weighted S&amp;P 500 — tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — and its equal-weighted sibling, the Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>), has blown out to over 4 <a href="https://www.benzinga.com/markets">percentage points in December. </a>
This marks the widest monthly gap since May 2023, reflecting how a narrow group of stocks is shouldering the market's returns in the last month of the year. 
As of Dec. 17, only 90 out of 500 stocks in the S&amp;P 500 are in positive territory month-to-date, a shockingly narrow market breadth.
Excluding Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), all of the Magnificent Seven stocks — Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) — have posted gains this month.
If Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), which recently surpassed the $1 trillion market-cap threshold, is added to the mix, an equal-weighted portfolio of these eight stocks has already delivered a stunning 16% return so far in December.
That stands in stark contrast to the broader market's struggles as the equal-weighted S&amp;P 500 index fell by 3% month to date. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>Price Chg. % (MTD)</th>
<th>Market Cap ($)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Broadcom Inc.</td>
<td>48.27</td>
<td>1.12 trillion</td>
</tr>
<tr>
<td>Tesla, Inc.</td>
<td>37.03</td>
<td>1.52 trillion</td>
</tr>
<tr>
<td>Alphabet Inc.</td>
<td>16.72</td>
<td>2.43 trillion</td>
</tr>
<tr>
<td>Amazon.com, Inc.</td>
<td>11.18</td>
<td>2.43 trillion</td>
</tr>
<tr>
<td>Meta Platforms, Inc.</td>
<td>9.15</td>
<td>1.58 trillion</td>
</tr>
<tr>
<td>Microsoft Corporation</td>
<td>7.25</td>
<td>3.38 trillion</td>
</tr>
<tr>
<td>Apple Inc.</td>
<td>6.52</td>
<td>3.82 trillion</td>
</tr>
<tr>
<td>NVIDIA Corporation</td>
<td>-5.94</td>
<td>3.18 trillion</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>Average</td>
<td>16.26%</td>
<td></td>
</tr>
</tfoot>
</table>
</figure>
<h3 class="wp-block-heading">Weak Breadth: Bad Sign Or Hidden Opportunity?</h3>
Ryan Detrick, CMT, chief market strategist at Carson Group LLC, highlighted a notable trend. 
The S&amp;P 500 has now posted 11 consecutive days of more decliners than advancers, tying the longest streak since 1996. 
While many investors might view this as a bearish signal, historical data paints a surprisingly different picture.
"Many claim this is bearish, but is it?" Detrick stated. "Looking at the longest streaks ever actually appears to be rather bullish. Significant outperformance across the board out one year."
Here's how the S&amp;P 500 performed historically following similar stretches of negative breadth:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Date</th>
<th>Days of Negative Breadth</th>
<th>1-Month</th>
<th>3-Months</th>
<th>6-Months</th>
<th>1-Year</th>
</tr>
</thead>
<tbody>
<tr>
<td>9/10/1991</td>
<td>8</td>
<td>-2.1%</td>
<td>-1.4%</td>
<td>6.0%</td>
<td>7.9%</td>
</tr>
<tr>
<td>6/20/1996</td>
<td>11</td>
<td>-4.3%</td>
<td>3.2%</td>
<td>10.5%</td>
<td>35.6%</td>
</tr>
<tr>
<td>12/24/2018</td>
<td>8</td>
<td>13.3%</td>
<td>19.3%</td>
<td>23.9%</td>
<td>37.1%</td>
</tr>
<tr>
<td>Average</td>
<td>—</td>
<td>3.0%</td>
<td>4.8%</td>
<td>8.6%</td>
<td>14.8%</td>
</tr>
<tr>
<td>All Years Avg</td>
<td>(1950–2023)</td>
<td>0.7%</td>
<td>2.2%</td>
<td>4.4%</td>
<td>9.0%</td>
</tr>
</tbody>
</table>
</figure>
Notably, the historical data shows that returns tend to improve significantly over the next year, with 87.5% of cases showing positive performance after a prolonged stretch of weak breadth.
In essence, bad breadth doesn't necessarily spell bad news. If history holds, weak market participation could signal stronger returns ahead.
Yet investors may have to deal with an increase in volatility and potential for sharp pullbacks.
Adam Turnquist, chief technical strategist at LPL Financial, took a more pessimistic view on the S&amp;P 500's 11-day streak of decliners outpacing gainers.
&#8220;The last time this occurred was on June 20, 1996 — only days before a sharp 10% drawdown over the following month that ended almost directly on support from the rising 200-dma. While this does not imply a market top or even correction is imminent, it does add to the evidence of potentially weak footing underneath this latest advance,&#8221; he stated. 
<h3 class="wp-block-heading">Growth Sectors Shine, But Broader Rebounds Possible</h3>
The performance story has become sharply sector-specific. 
Stephen Suttmeier, CFA, CMT, analyst at Bank of America, indicated that December's gains have been heavily concentrated in growth sectors, such as Discretionary, Communications Services and Technology.
"All other sectors showed a negative performance," Suttmeier said, highlighting the underperformance of the equal-weighted S&amp;P 500 ETF (RSP). Yet, he remains cautiously optimistic, suggesting of potential &#8220;rebounds into year-end for both the NYSE Composite Index (NYA) and RSP."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42531373/financial-stocks-near-record-year-could-trump-deregulation-fuel-bigger-gains-in-2025">Financial Stocks Near Record Year: Could Trump Deregulation Fuel Bigger Gains In 2025?</a></li>
</ul>
Photo via Shutterstock.

Market Breadth Worsens As Tech Giants Break Free From S&P 500 Reality: Is This Bullish Or Bearish For 2025?

President-elect Donald Trump&#8216;s victory has fueled a rally in equities. This is likely to sustain as the <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">administration plans</a> on &#8220;tax cuts and deregulation will lead to higher corporate earnings,&#8221; said Yogesh Kansal, chief business officer at fintech company, Appreciate. He added that highly regulated sectors like oil and gas will benefit under Trump&#8217;s administration.
What Happened: While tax cuts and deregulation are positive for the stock markets, the Trump administration&#8217;s take on immigration and <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">higher tariffs</a> have an opposing effect on the markets.
As per Kansal, with the deportation of immigrants, &#8220;the cost of labor will go up for all companies, which basically means the profitability of companies will go down.&#8221; Additionally, he said that with tariffs, the &#8220;stock prices could be lower&#8221; because of a shift in &#8220;global demand&#8221;.
Morgan Stanley, in its note dated Dec. 3, also cautions that concerns over trade tariffs, immigration policies, fiscal sustainability, and how the scope and timing of new policies may constrain the broader economic outlook. The global financial services firm anticipates growth and innovation, particularly in the technology and natural gas sectors.
See Also: <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">Donald Trump&#8217;s Win Positive For Financials, Energy Sector As &#8216;Pro-Growth Effects Will Outweigh Inflationary Pressures,&#8217; Says Analyst</a>
Why It Matters: According to Kansal, highly regulated industries like &#8220;energy, oil and gas, health care, and banking will be seeing tailwinds&#8221; because of the deregulation attempts.
Invesco S&amp;P 500 Equal Weight ETF (ACRA: RSP) has risen by 17.3% on a year-to-date basis. While, the iShares Russell 1000 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>) and Vanguard High Dividend Yield Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYM#NYSE">VYM</a>) advanced by 18.56% and 18.96%, respectively, in the same period, underperforming the S&amp;P 500 on a year-to-date basis, which has grown by 28.41% in the same period.
On the other hand, ProShares S&amp;P 500 Ex-Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXE#NYSE">SPXE</a>) grew by 28.85% year-to-date, outperforming the index.
Other analysts have also said that Trump&#8217;s victory will lead to a boom in the energy sector. <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">According to</a> Mario Georgiou, CFA and executive director, head of investments at InCred Global Wealth U.K., "deregulation supporting oil production and geopolitical risks could sustain elevated oil prices and relative valuations are attractive."
Even though the energy sector has underperformed the broader markets in 2024, "fundamentally, companies are shareholder friendly with 8-12% shareholder yields, have strong balance sheets with low net debt to EBITDA ratios and high free cash flow yields of 6.50% and above," he adds.
As per Morgan Stanley, the energy sector faces a divided future. Trump&#8217;s deregulation could benefit traditional energy, but the outlook for oil is uncertain due to potential oversupply and weak global demand, especially from China. In contrast, natural gas may see growth from strong European demand and increased domestic use for electrification and AI-powered data centers. The clean energy sector could face challenges, if Trump rollbacks Biden&#8217;s 2022 Inflation Reduction Act tax credits. However, a full repeal seems unlikely due to the benefits for Republican states.
Kansal, on the other hand, was also positive about the technology sector given the rise in the A-I frenzy. &#8220;The biggest factor that is driving the U.S. stock market right now is AI. There&#8217;s a lot of activity, lots of investment that has gone in because of the expectation of AI increasing productivity,&#8221; he said.
However, Georgiou said, &#8220;Rising bond yields increase the discount rate applied to future earnings, disproportionately affecting high-growth sectors like technology. We therefore prefer higher quality tech companies, avoiding highly leveraged, unprofitable tech stocks. This does not make us underweight Technology, as there are sufficient high-quality companies in this sector to make up the allocation with.&#8221;
Major AI payers in the U.S. stock markets include Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a 195.7% year-to-date gain and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with stock gains of 19.6% in the same period.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) rose by 51.42% and 26.46% year-to-date, respectively. &#8220;So I think in the next 12 months, software as well as hardware, technology industries will do well including FAANG stocks and Nvidia,&#8221; Kansal added.
Read Next:
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<li><a href="https://www.benzinga.com/24/11/42134031/markets-got-it-wrong-after-elections-prospects-of-tariffs-not-good-for-equities-vs-dollar-says-ex-goldman-sachs-analyst" target="_blank" rel="noreferrer noopener">Markets Misread Trump Win, Says Ex-Goldman Sachs Analyst: ‘Prospects Of Tariffs Not Good For Equities'</a></li>
</ul>
Photo courtesy: Shutterstock

Trump's Deregulation Efforts To Benefit Energy, Oil And Gas Sectors, While AI Frenzy Will Boost FAANG Stocks And Nvidia, Says Fintech Insider

The Republican party&#8217;s win in the 2024 elections could pave the way for significant policy changes, according to Morgan Stanley. The global financial services firm anticipates growth and innovation, particularly in the <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">technology </a>and <a href="https://www.benzinga.com/money/best-natural-gas-stocks">natural gas</a> sectors. However, it also cautions that concerns over trade tariffs, immigration policies, fiscal sustainability, and the scope and timing of new policies may constrain the broader economic outlook.
Morgan Stanley&#8217;s Picks
Markets have reacted positively to President-elect Donald Trump&#8216;s victory and have been trading higher than the pre-election levels. However, slower-than-expected deregulation and shallower tax cuts could impact the markets, Morgan Stanley's Global Investment Office believes investors should keep an eye on the following areas:
Energy As per Morgan Stanley, the energy sector faces a divided future. Trump&#8217;s deregulation could benefit traditional energy, but oil&#8217;s outlook is uncertain due to potential oversupply and weak global demand, especially from China. In contrast, natural gas may see growth from strong European demand and increased domestic use for electrification and AI-powered data centers. The clean energy sector could face challenges, if Trump rollbacks Biden&#8217;s 2022 Inflation Reduction Act tax credits. But a full repeal seems unlikely due to the benefits for Republican states.
Invesco S&amp;P 500 Equal Weight ETF (ACRA: RSP) has risen by 17.36% on a year-to-date basis. While, the iShares Russell 1000 Value ETF (ACRA: IWD) and Vanguard High Dividend Yield Index ETF (ACRA: VYM) advanced by 18.56% and 18.96%, respectively, in the same period, underperforming the S&amp;P 500 on a year-to-date basis, which has grown by 28.41% in the same period. Whereas, ProShares S&amp;P 500 Ex-Energy ETF (ACRA: SPXE) grew by 28.85% year-to-date, outperforming the index.
Also read: <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">Donald Trump&#8217;s Win Positive For Financials, Energy Sector As &#8216;Pro-Growth Effects Will Outweigh Inflationary Pressures,&#8217; Says Analyst</a>
Defense U.S. <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42369000/booz-allen-and-palantir-partner-to-drive-us-defense-operations">defense</a> spending is expected to stay robust amid rising geopolitical tensions, says Morgan Stanley. However, European defense stocks have outperformed U.S. ones due to uncertainty about U.S. NATO involvement and increased spending by other NATO members.
Trump during his first post-election network interview with NBC News on Sunday said &#8220;If they&#8217;re paying their bills, and if I think they&#8217;re treating us fairly, absolutely, I would stay with NATO.&#8221;
Moreover, technological advancements in cybersecurity, AI, drones, and other areas are also favoring smaller, specialized companies over traditional defense giants, added Morgan Stanley.
As per the <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data, the S&amp;P 500 Aerospace &amp; Defense Industry Index has risen by 15.78% year-to-date, whereas Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and iShares U.S. Aerospace &amp; Defense ETF (ACRA: ITA) have grown by 12.48%, 38.45% and 20.15%, respectively in the same period.
Also read: <a href="https://www.benzinga.com/markets/24/12/42317289/ray-dalios-bridgewater-adds-broadcom-apple-smci-in-q3-while-offloading-stake-in-ai-giant-nvidia-and">Ray Dalio&#8217;s Bridgewater Adds Broadcom, Apple, SMCI In Q3, While Offloading Stake In AI Giant Nvidia And Other Big Tech Companies</a>
Technology And Communication According to Morgan Stanley, the technology sector may see mixed outcomes. Cryptocurrencies and AI industries could benefit from Trump&#8217;s favorable stance. Whereas investments in reshoring semiconductors through the CHIPS Act may strengthen those areas, highlighting AI as a national security priority. However, social media and information companies may continue facing regulatory and antitrust challenges.
Major AI payers in the U.S. stock markets include Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a 195.7% year-to-date performance and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) 19.6% growth in the same period. Whereas, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) rose by 51.42% and 26.46% year-to-date, respectively.
Photo Courtesy: Shutterstock.com
Read next: <a href="https://www.benzinga.com/24/12/42283257/charles-schwab-goldman-sachs-invesco-add-mara-holdings-morgan-stanley-cuts-stake-here-is-what-changed-with-mara-holdings-in-q3">Charles Schwab, Goldman Sachs Boosts MARA Stake As Stock Rallies 30% In Past 6 Months: Morgan Stanley, Other Major Funds Trim Positions In Q3</a>

iShares Dow Jones US Aerospace & Defense Index Fund

Morgan Stanley Narrows Down Winning And Losing Bets In The First 100 Days Of Trump Administration

Donald Trump&#8217;s <a href="https://www.benzinga.com/general/market-summary/24/11/41968003/gold-drops-to-a-two-month-low-as-investors-turn-to-bitcoin-after-trumps-victory-but-this-economist-remains-confident-that-gold-will-surge">win is positive for the financial and energy sectors</a> as the &#8220;pro-growth effects of fiscal stimulus currently outweigh the inflationary risks in the near term​​​&#8221; according to an analyst. 
What Happened: Mario Georgiou, CFA and executive director, head of investments at InCred Global Wealth U.K., in an exclusive conversation with <a href="http://pro.benzinga.com">Benzinga</a>, described tax cuts and deregulation as tailwinds to the markets. He considers inflationary policies such as tariffs and immigration impacts as headwinds, leading to a steepening yield curve, and higher term premiums.
&#8220;Financials offer an attractive risk-reward and that this recent post-election rally has room to run,&#8221; added Georgiou. According to him &#8220;financials are not only well positioned to capture the benefits of the above-mentioned Trump tailwinds, but are also less impacted / would even benefit from the Trump headwinds.&#8221;
Despite a few dips, the equity markets have been trading higher than the pre-election levels after President-elect Trump&#8217;s victory. The S&amp;P 500 has increased by 3.22%, rising from $5,782.76 on Nov. 5 to $5,969.34 as of Friday&#8217;s close. The SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which tracks the S&amp;P 500 Index has had a similar momentum, according to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Meanwhile, Financial Select Sector SPDR Fund (ACRA: XLF), Vanguard Financials ETF (ACRA: VFH), iShares U.S. Financials ETF (ACRA: IYF), and SPDR S&amp;P Bank ETF (ACRA: KBE), have returned over 30% year-to-date in 2024 outperforming the S&amp;P 500 Index&#8217;s 26% run.
Also read: <a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">Donald Trump&#8217;s DOGE Initiative To Have &#8216;Marginal Impact&#8217; Says Analyst As Elon Musk Aims To Target Over $500B In Federal Expenditures</a>
Other sectors that Georgiou prefers, include energy. According to him &#8220;deregulation supporting oil production and geopolitical risks could sustain elevated oil prices and relative valuations are attractive.&#8221;
Even though the energy sector has underperformed the broader markets in 2024, &#8220;fundamentally, companies are shareholder friendly with 8-12% shareholder yields, have strong balance sheets with low net debt to EBITDA ratios and high free cash flow yields of 6.50% and above,&#8221; he adds.
Invesco S&amp;P 500 Equal Weight ETF (ACRA: RSP), iShares Russell 1000 Value ETF (ACRA: IWD), Vanguard High Dividend Yield Index ETF (ACRA: VYM) and ProShares S&amp;P 500 Ex-Energy ETF (ACRA: SPXE) have all underperformed the S&amp;P 500 on a year-to-date basis.
Why It Matters: As markets hit their 51st record high of 2024 and the S&amp;P 500 Index crossed 6,000 points, some analysts caution that<a href="https://www.benzinga.com/24/11/42134031/markets-got-it-wrong-after-elections-prospects-of-tariffs-not-good-for-equities-vs-dollar-says-ex-goldman-sachs-analyst"> tariffs could pose risks </a>to equities and suggest that the market may be overvalued.
&#8220;The prospect of tariffs isn't obviously good for equities, while it's clearly good for the Dollar," former Goldman Sachs FX strategist and senior fellow at Brookings Institution, Robin Brooks said in an X post. "Markets initially got this wrong, driving stocks up sharply right after Nov. 5,&#8221; he added.
However, Georgiou is &#8220;cautiously optimistic&#8221; about the markets, he said &#8220;a neutral to fully invested equity allocation is warranted, with a focus on sectors benefiting from Trump's policies, whilst always maintaining our core investment principles, which is a focus on fundamentals, quality, and risk management.&#8221;
<ul>
<li>Read next: <a href="https://www.benzinga.com/24/11/42134031/markets-got-it-wrong-after-elections-prospects-of-tariffs-not-good-for-equities-vs-dollar-says-ex-goldman-sachs-analyst">Markets Misread Trump Win, Says Ex-Goldman Sachs Analyst: &#8216;Prospects Of Tariffs Not Good For Equities&#8217;</a></li>
</ul>
Image via Flickr

General

iShares Dow Jones US Financial Sector Index Fund

Donald Trump's Win Positive For Financials, Energy Sector As 'Pro-Growth Effects Will Outweigh Inflationary Pressures,' Says Analyst

Market Vectors ETF Trust Market Vectors Gold Miners

MSTR

Elliott Investment Management 13F Shows Exited Position In Marathon Petroleum, Previously Holding 7,365,000 Shares; Ishares Biotechnology ETF Put Position, Previously Holding 2,800,000 Shares; Invesco S&P 500 Equal Weight ETF Put Position, Previously Holding 1,925,000 Shares; Vaneck Gold Miners ETF Put Position, Previously Holding 5,000,000 Shares; BHP Group Ltd Call Position, Previously Holding 2,500,000 Shares; MicroStrategy Convertible Note, Previously Holding $27.5 Million In Principal

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/11/12/final-trades-invesco-sp-500-equal-weight-salesforce-inc-microsoft-and-target.html">Halftime Report Final Trades</a>,&#8221; Bill Baruch of Blue Line Capital picked Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), expecting it to outperform the Nasdaq between now and the end of the year.
On Oct. 30, Microsoft reported first-quarter revenue of $65.60 billion, up 16% year-over-year. The total beat a Street consensus estimate of $64.51 billion according to data from Benzinga Pro. The company reported first-quarter earnings per share of $3.30, beating a Street consensus estimate of $3.09 per share.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Bryn Talkington of NewEdge Wealth named Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>) <a href="https://www.benzinga.com/quote/RSP">as her final trade</a>.
Rob Sechan of NewEdge Wealth picked Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>).
Salesforce will release its third quarter fiscal year 2025 results, after the closing bell on Tuesday, Dec. 3. Analysts expect the company to report quarterly earnings at $2.44 per share, up from $1.96 per share in the year-ago period. The company projects to report quarterly revenue of $9.34 billion.
Stephanie Link of Hightower said she expects a solid quarter from Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>).
On Oct. 22, Bernstein analyst Dean Rosenblum initiated coverage on Target with a Market Perform rating and announced a price target of $168.
Price Action:
<ul>
<li>Invesco S&amp;P 500 Equal Weight ETF fell 0.8% during Tuesday's session.</li>
<li>Salesforce shares fell 0.2% to settle at $341.15 during Tuesday's session.</li>
<li>Microsoft gained 1.6% during Tuesday's session.</li>
<li>Target shares gained 1.6% to close at $155.65 on Tuesday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/24/11/41899303/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-in-q4">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

Microsoft, Salesforce, Target  And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Salesforce, Microsoft, Target, Invesco S&P 500 Equal Weight ETF

The idea of a "lost decade" for S&amp;P 500 returns in the next 10 years has gained traction after a bearish report from Goldman Sachs earlier in October, which predicted very subdued annual returns for U.S. stocks over the next decade and possible underperformance <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431485/goldman-sachs-predicts-bleak-long-term-s-p-500-returns-as-market-concentration-hits">against other asset classes. </a>
This view, however, has sparked strong pushback from other prominent Wall Street voices, including analysts at Bank of America and veteran investor Ed Yardeni.
<h3 class="wp-block-heading">Goldman Sachs&#8217; Grim Outlook: Just 3% Annual Returns Ahead</h3>
Goldman Sachs recently forecasted that the S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), will deliver an annualized nominal total return of just 3% over the next 10 years, placing this return scenario in the 7th percentile of historical outcomes since 1930. Adjusted for inflation, the real return would hover around 1% per year. 
According to Goldman, the S&amp;P 500 has a 72% probability of underperforming bonds and a 33% chance of lagging inflation through 2034.
David J. Kostin, chief U.S. equity strategist at Goldman Sachs, highlighted that extreme market concentration is a key factor weighing down their long-term outlook. Currently, the U.S. stock market is more concentrated in a few mega-cap tech names than at any point in the last century, which Kostin suggests could limit the broader market&#8217;s returns in the coming years.
<h3 class="wp-block-heading">Bank of America: A Case For Equal-Weighted Stocks And Dividend Reinvestment</h3>
While Bank of America's equity analyst Savita Subramanian acknowledged on Monday that the S&amp;P 500 is "statistically expensive," she indicated potential upside in the equal-weighted version of the index, tracked by the Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>).
The equal-weighted S&amp;P 500 currently trades at a &#8220;historic discount&#8221; to the traditional, cap-weighted index and could offer more attractive returns over the next decade, according to Subramanian.
Subramanian suggests that dividends could provide an overlooked source of gains for investors. 
&#8220;We may have forgotten about dividends because they did little for total returns in the past decade,&#8221; she said.
She highlighted that dividends historically contributed 40% of total returns before the period of low-interest rates prior to the pandemic. 
If dividend contributions revert to historical levels, Subramanian projects that the equal-weighted S&amp;P 500 could deliver an 8.3% total return annually, thanks in part to dividend growth from mature tech giants in the "Magnificent 7" that are now initiating dividend programs.
<h3 class="wp-block-heading">Ed Yardeni: Optimism For Earnings Growth And The &#8220;Roaring 2020s&#8221;</h3>
Veteran Wall Street strategist Ed Yardeni openly challenged Goldman's downbeat S&amp;P 500 long-term forecast. 
In a note published on Monday, Yardeni wrote, "We don't agree with [Goldman's recent depressing long-term prediction for S&amp;P 500 returns." 
Yardeni is forecasting annual earnings growth of at least 6% over the next decade, consistent with the S&amp;P 500's long-term historical average of 6.5%.
Yardeni also disputed Goldman's concerns about market concentration. While tech and communication services companies now account for roughly 40% of the S&amp;P 500—similar to their share during the dot-com bubble—he indicated that today's tech giants are financially stronger and more resilient than those in 2000.
While a &#8220;lost decade&#8221; for stocks isn&#8217;t unprecedented—the S&amp;P 500 remained flat for 10 years after peaking in April 2000, amid the dot-com crash and the Great Financial Crisis—the investor highlighted that S&amp;P 500 dividends still rose by 41% during that period.
If the conditions for a &#8220;Roaring 2020s&#8221; scenario take hold—marked by a productivity-driven economic boom fueled by technological advancements, with real GDP growth stabilizing around 3% annually and inflation at 2%—Yardeni forecasts an average annual total return of 11% for the S&amp;P 500 over the next decade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41502146/30-year-treasury-yield-tops-4-50-raising-red-flags-for-markets-bond-vigilantes-are-">30-Year Treasury Yield Tops 4.50%, Raising Red Flags For Markets: &#8216;Bond Vigilantes Are Voting Early,&#8217; Says Veteran Investor</a></li>
</ul>
Photo: Shutterstock

Economics

Is S&P 500 Headed For A Lost Decade? Analysts Say 'We May Have Forgotten About Dividends'

Goldman Sachs has issued a stark warning for U.S. equity investors, predicting significantly lower returns for the S&amp;P 500 over the next decade due to historically high <a href="https://www.benzinga.com/topic/magnificent-7">levels of market concentration. </a>
The firm's analysts, including David J. Kostin and Ben Snider, highlight that the current concentration in the U.S. stock market is the highest it has been in the past century, which they believe could weigh heavily on long-term index returns.
Market concentration currently ranks &#8220;near the highest level in 100 years,&#8221; analysts warned, adding that their &#8220;S&amp;P 500 baseline 10-year return forecast is lower than the estimates of other market participants.&#8221;&nbsp;
<h3 class="wp-block-heading">Long-Term Return Forecast: Only 3% Annually Over the Next Decade</h3>
Goldman Sachs forecasts that the S&amp;P 500 will deliver an annualized nominal total return of just 3% over the next 10 years—placing it in the 7th percentile of historical returns since 1930. Adjusting for inflation, the real return is expected to be around 1%. 
This projection stands in stark contrast to the past decade, where the S&amp;P 500 delivered a robust 13% annualized total return, placing it in the 58th historical percentile.
&#8220;The current extremely high level of market concentration is one of the main drags on our return forecast,&#8221; analysts wrote in their report.
If the current high level of market concentration were excluded from the model, the firm&#8217;s baseline forecast would improve by 4 percentage points, yielding a 10-year return estimate of 7%, which would rank in the 22nd historical percentile.
<h3 class="wp-block-heading">The Impact of Market Concentration on Returns</h3>
The extreme market concentration—driven by a handful of mega-cap companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)—means that the performance of the S&amp;P 500 is increasingly dependent on the fortunes of a small number of firms. 
&#8220;When equity market concentration is high, the performance of the aggregate index is strongly dictated by the prospects of a few stocks,&#8221; Goldman Sachs explained.
Historically, it has been challenging for any firm to sustain high levels of sales growth and profitability over long periods. As growth decelerates for these market leaders, overall earnings growth for the index tends to slow down, pulling down returns.
Another major risk is government regulation, which has previously caused growth slowdowns for dominant firms.
Goldman Sachs highlighted historical examples where regulation led to a decline in market dominance:
<ul>
<li>International Business Machine Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>): In 1969, IBM faced a government lawsuit that weighed on its valuations. Though the lawsuit was dropped in 1982, the company's growth slowed afterward.</li>
<li>AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>): The telecom giant faced a breakup order in 1982 following a lawsuit filed in 1974, which led to slower growth. However, AT&amp;T's valuations initially rose after the breakup.</li>
<li>Microsoft: In 1998, Microsoft faced antitrust lawsuits that led to a settlement in 2000. The tech giant's growth and valuations suffered for a significant portion of the following decade.</li>
</ul>
<h3 class="wp-block-heading">Equal-Weighted S&amp;P 500 Index May Outperform, Bonds To Pose A Growing Appeal</h3>
Given the risks of high market concentration, Goldman Sachs anticipates that the S&amp;P 500 equal-weighted index, which gives each stock the same weight regardless of size and is tracked by the Invesco S&amp;P 500 Equal Weighted ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>), could outperform the traditional market cap-weighted index (where larger companies have more weight) over the next decade. 
They estimate the equal-weighted index could surpass the cap-weighted index by an annualized margin of 200 to 800 basis points (2-8%).
Adding to the challenges facing the S&amp;P 500, Goldman Sachs predicts that stocks will face increasing competition from bonds in the years ahead. 
With the current 10-year U.S. Treasury yield around 4% and inflation expectations of 2.2% over the next decade, Goldman Sachs estimates that the S&amp;P 500 has a 72% probability of underperforming bonds over the next 10 years.
Furthermore, the analysts give the S&amp;P 500 a 33% chance of underperforming inflation during this period.
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</ul>
Image: Shutterstock

Bonds

Federal Reserve

Goldman Sachs Predicts Bleak Long-Term S&P 500 Returns As Market Concentration Hits 'Highest Level In 100 Years'

Monday, Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock gained after it announced a complete liquid cooling solution that includes powerful Coolant Distribution Units (CDUs), cold plates, Coolant Distribution Manifolds (CDMs), cooling towers, and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41206584/supermicro-solidifies-position-as-a-leader-in-complete-rack-scale-liquid-cooling-solutions-current" rel="noreferrer noopener">end-to-end management software</a>.
Supermicro said it recently deployed over 100,000 GPUs with liquid cooling solution (DLC) for some of the largest AI factories ever built, as well as other Cloud Service Providers (CSPs).
Supermicro&#8217;s ultra-dense server with dual top-bin CPUs and 8 Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) HGX GPUs in just 4U with liquid cooling quadruples the computing density, allowing organizations to run larger training models with a smaller data center footprint.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41162435/supermicro-and-fujitsu-partner-for-ai-powered-server-whats-in-store" rel="noreferrer noopener">Supermicro And Fujitsu Partner For AI-Powered Server: What&#8217;s In Store?</a>
This complete solution reduces ongoing power costs, Day 0 hardware acquisition, and data center cooling infrastructure costs.
However, Supermicro stock has been under pressure since the U.S. Department of Justice started probing the company following an <a target="_blank" href="https://www.benzinga.com/news/24/09/41052423/super-micro-computer-stock-falls-on-report-of-doj-probe-what-to-know" rel="noreferrer noopener">August&nbsp;short report</a> from Hindenburg Research.
The short report highlighted allegations by former employee Bob Luong over the AI server company&#8217;s inappropriate revenue recognition policies and the re-hiring of employees the company had terminated due to involvement with past accounting violations.
Supermicro had inked a settlement with the SEC in 2020, paying $17.5 million without admitting or denying the accusations.&nbsp;
Needham analyst Quinn Bolton flagged Supermicro, a first mover in rack-level liquid cooling solutions, with its liquid cooling as an opportunity for further <a target="_blank" href="https://www.benzinga.com/news/24/09/40926422/super-micro-poised-for-expansion-as-gross-margin-concerns-ease-internal-control-risks-priced-in-anal" rel="noreferrer noopener">market share expansion</a>.
Bolton noted that the stock has priced in most of the risk associated with the&nbsp;board&#8217;s review of internal controls following the short report.
Supermicro stock is up 61% in the last 12 months. Investors can gain exposure to the stock through Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>) and Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>).
Price Action:&nbsp;SMCI stock is up 13.80% at $46.94 at the last check on Monday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/09/41012678/super-micro-unveils-next-gen-servers-powered-by-intels-latest-xeon-chips" target="_blank" rel="noreferrer noopener">Super Micro Unveils Next-Gen Servers Powered by Intel&#8217;s Latest Xeon Chips</a></li>
</ul>

Movers

SMCI

What's Going On With Super Micro Computer Stock On Monday?

Market strategist Jay Woods spoke with Benzinga ahead of Jerome Powell's<a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40529209/jerome-powell-time-has-come-for-interest-rate-cuts-cooling-in-labor-market-unmistakable"> Jackson Hole speech Friday</a> to discuss a variety of topics: rate cuts, what the election means for stocks and <a href="https://www.benzinga.com/topic/small-caps">what's next for small caps</a>.
<h2 class="wp-block-heading">Fed Rate Cut</h2>
Woods says the Fed was late to raise rates and has been late to cut rates.
The <a href="https://www.benzinga.com/top-stories/24/08/40492530/fed-minutes-reveal-plausible-case-for-interest-rate-cut-as-policymakers-cheer-inflation-progress">expected rate cut </a>by the Federal Reserve in September comes as investors try to predict what will happen to the stock market — especially with the 2024 presidential election playing out before the end of the year.
The market has not had an August/September stretch-up in the past three years, Woods said, adding that he doesn't believe it will happen by the end of September.
"Most markets bottom in October," Woods said on the Aug. 22 edition of <a href="https://www.benzinga.com/premarket-prep">PreMarket Prep</a>.
When asked about the likelihood of a rate cut, Woods said there is 0% chance of no cut and that a cut should've already happened. He predicts the rate cut will more than likely be 25 basis points. A 50-point cut could play out too aggressively as a political move.
"Whatever happens, one side of the aisle is going to condemn him for cutting,&#8221; he said. 
The question for investors, Woods said, is if the rate cut is &#8220;already baked into stock prices.&#8221; 
&#8220;We already bought the rumor,&#8221; he added, citing how the other side of the popular phrase is &#8220;sell the news&#8221; and that's what might happen first.
Smart investors who bought the dip on Aug. 5 may want to lighten up as the market could get choppy and trade sideways, he warned. "I don't expect us to explode upward immediately on that initial rate cut on the 18th."
See below.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Jay Woods, CMT - Fed Rate Cuts" width="500" height="281" src="https://www.youtube.com/embed/emvAQLsC86k?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h2 class="wp-block-heading">Small Cap Rally</h2>
Woods said when rates are cut in a non-recession time, the market typically rallies three months later, six months later and 12 months later.
One investment idea that often does well is small caps, an idea that Woods has been pounding the table on and shared <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/39846454/exclusive-market-strategist-jay-woods-says-rotation-in-small-caps-is-just-starting-rus">with Benzinga previously.</a>
Woods said small-cap stocks, which are commonly tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) have yet to make their all-time highs again.
"When they move, they move quickly," Woods said. Recall how small caps moved up 27% from October to December in 2023.
"The setup is there for small caps,&#8221; he added.
The past month has seen consumer staples and utilities outperform the magnificent seven stocks with the equal weight S&amp;P 500, which is tracked by the Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>), outperforming the S&amp;P 500, which is tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
"This is healthy, but it's not sexy."
Read Also: <a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40515453/exclusive-trump-or-harris-12-stocks-2-etfs-could-win-no-matter-whos-president-says-market-strate">EXCLUSIVE: Trump Or Harris? 12 Stocks, 2 ETFs Could Win No Matter Who&#8217;s President, Says Market Strategist</a>
Past Election Year Trends: Woods said he took a look at the 2016 and 2020 years to predict what happens in 2024, with 2020 having an outlier in the COVID-19 pandemic.
The Volatility Index, commonly referred to as the VIX, spiked early in both years and then again in September before the election.
"Headlines are going to cause a little angst," Woods said.
Woods recalled that both the 2016 and 2020 elections, each one involving Trump, were controversial.
"We rallied from Election Day into the end of the year," Woods said for 2016 and 2020 with Trump involved in both cases. "I think the setup is there."
SPY, IWM Price Action: The SPDR S&amp;P 500 ETF Trust is up 1% to $559.31 on Friday.
The iShares Russell 2000 ETF is up 3% to $219.69 on Friday.
Watch the full interview with Jay Woods on<a href="https://www.youtube.com/watch?v=vGXosi2hWTQ"> PreMarketPrep here</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/exclusives/24/07/39886192/exclusive-tesla-an-elon-musk-and-a-technology-story-first-ev-story-last-market-strategist-explains-w">EXCLUSIVE: Tesla &#8216;An Elon Musk And A Technology Story First, EV Story Last&#8217; — Market Strategist Explains Why To Buy The Stock</a></li>
</ul>

EXCLUSIVE: Market Strategist On Small Cap Rally, Election Year, Fed Cuts And What's Next – 'I Think The Setup Is There'

Consumer price index data this week provided encouraging signs that American inflation is moving ever closer to the Federal Reserve&#8217;s <a href="https://www.benzinga.com/government/24/06/39470021/janet-yellen-says-inflation-to-come-down-to-feds-2-target-by-2025-dismisses-possibility-of-us-recess">much-discussed 2% target</a>.
This fueled speculation <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39728268/inflation-slows-more-expected-to-3-in-june-heightens-expectations-for-rate-cuts-t">about interest rate cuts.</a>
The annual inflation rate dropped more than expected to 3% in June 2024, reaching its lowest level since March 2021. Remarkably, the monthly inflation rate showed a contraction of 0.1% for the first time since May 2020.
Investors and economists increased their convictions on the Fed's readiness to cut <a href="https://www.benzinga.com/general/politics/24/07/39731800/biden-cheers-inflation-progress-rate-cut-chorus-grows-louder-among-5-economists-this-is-just-wha">interest rates in September</a>, pushing market-implied odds of a cut to over 90%.
A <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39748331/june-producer-inflation-exceeds-forecasts-restrains-investor-euphoria-following-c">higher-than-expected producer inflation</a> data report Friday did little to alter these expectations significantly, as the <a href="https://www.benzinga.com/markets/equities/24/07/39750466/us-consumer-morale-dips-more-than-expected-in-july-sentiment-remains-stubbornly-subdued">latest consumer sentiment report</a> from the University of Michigan confirmed subdued morale and a decline in inflation expectations.
In the markets, sectors previously impacted by high interest rates — and have not yet priced in potential reductions in borrowing costs — outperformed the tech sector, which had already largely <a href="https://www.benzinga.com/markets/asia/24/07/39733667/inflation-data-sparks-rush-for-gold-real-estate-treasuries-yen-traders-see-september-rate-cut-as-don">anticipated such rate cuts.</a>
The equal-weight S&amp;P 500, as tracked by the Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>) outpaced the cap-weighted S&amp;P 500, monitored through the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), while value stocks outperformed their growth counterparts. 
Both the real estate sector — as tracked by the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) – and the Russell 2000 small-cap index — as replicated by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) – achieved their strongest week of the year.
Chart Of The Week: Russell 2000 Enjoyed Strongest Week Since October 2023
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="488" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-1024x488.png" alt="" class="wp-image-434055" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-1024x488.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-768x366.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-1536x732.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
You might have missed…
Rare Market Dynamic: On Thursday, the Russell 2000 surged 3.63% while the Russell 1000 large-cap index fell 0.66% — the fifth time in history that the performance difference between the two indexes exceeded 4%. It has previously occurred during major market downturns. This time it came near an all-time high <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39739225/the-market-did-something-today-that-has-only-occurred-4-times-in-history">for the S&amp;P 500.</a>
Weight-Loss Pill: Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) announced advancements in its once-daily weight-loss pill, danuglipron, showing a favorable pharmacokinetic and safety profile. The pharma giant plans to conduct dose optimization <a href="https://www.benzinga.com/general/biotech/24/07/39730398/pfizer-advances-once-daily-weight-loss-pill-as-it-catches-up-to-tap-the-lucrative-market">studies in late 2024.</a>
Tech Stock Poll: Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) all hit 52-week highs. A Benzinga poll reveals investor preferences:
<ul>
<li>Microsoft led with 32%</li>
<li>Apple at 29%</li>
<li>Google at 23%,</li>
<li>Meta at 16%. </li>
</ul>
Investors cited artificial intelligence growth potential and valuations as key <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/39716688/apple-microsoft-meta-google-which-would-you-buy-at-all-time-high-investor-poll-reveals">factors influencing their choices</a>.
Now Read: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39756357/ipo-ready-shein-enjoys-more-traffic-than-fast-fashion-rivals-data-shows-are-temu-poshmar">IPO-Ready Shein Enjoys More Traffic Than Fast-Fashion Rivals, Data Shows: Are Temu, Poshmark In The Dust?</a></li>
</ul>
Image: Shutterstock

Sector ETFs

Small Cap

XLRE

Inflation Drop Fuels Rate Cut Speculation, Investors Shift To Sector Laggards, Russell 2000 Surges Over 3.6%: This Week In The Markets

Joshua Brown of Ritholtz Wealth Management named Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) as his final trade on the latest edition of CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/07/11/final-trades-pfizer-l3harris-tech-the-rsp-and-gdx.html">Halftime Report Final Trades</a>.&#8221; 
On Thursday, Pfizer announced it will advance the development of Danuglipron. The company selected the once-daily weight loss drug for continued advancement based on an <a href="https://www.benzinga.com/news/24/07/39736144/why-pfizer-stock-is-moving-higher-on-thursday">ongoing pharmacokinetic study</a>.
"Obesity is a key therapeutic area for Pfizer, and the company has a robust pipeline of three clinical and several pre-clinical candidates," said Mikael Dolsten, chief scientific officer &amp; president, Pfizer Research and Development.
Bryn Talkington of Requisite Capital Management picked Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>). &#8220;I think the market will continue to <a href="https://www.benzinga.com/quote/RSP">broaden out,&#8221; she added</a>.
Bill Baruch of Blue Line Capital named VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) as his final trade.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Stephanie Link of Hightower picked L3Harris Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) as her final trade.
L3Harris Technologies is scheduled to release its second quarter 2024 financial results on Thursday, July 25, after the closing bell. Analysts expect the company to report quarterly earnings at $3.16 per share, up from $2.97 per share in the year-ago period. The company is projected to post quarterly revenue of $5.29 billion, compared to $4.37 billion <a href="https://www.benzinga.com/quote/LHX/earnings">in the year-earlier quarter.</a>
Price Action:
<ul>
<li>L3Harris Technologies shares gained 1.4% to close at $230.34 on Thursday.</li>
<li>Invesco S&amp;P 500 Equal Weight ETF rose 1.2% during Thursday's session.</li>
<li>VanEck Gold Miners ETF gained 2.8% on Thursday.</li>
<li>Pfizer shares gained 1.1% to close at $28.66 during Thursday's session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39743368/s-p-500-falls-following-june-inflation-data-fear-greed-index-moves-to-neutral-zone">S&amp;P 500 Falls Following June Inflation Data: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a></li>
</ul>

Pfizer, L3Harris Technologies And More: CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Pfizer, L3Harris Technologies, VanEck Gold Miners ETF, Invesco S&P 500 Equal Weight ETF

상장지수펀드(ETF)에 투자하여 분산 투자 효과를 누리려는 금융 시장 참여자들은 &#8220;험악한 깨달음&#8221;을 맞이할 수 있다고 한 벤처 캐피탈리스트가 경고했다. 이는 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42678368/sp-500-hits-57-all-time-highs-in-record-breaking-2024-magnificent-7-drive-30-of-nasdaqs-surge" target="_blank" rel="noopener" data-google-interstitial="false">S&amp;P 500</a>의 상위 10개 주식이 지수 시가총액의 40%를 차지하기 때문이다.
무슨 일이 있었나: 억만장자 투자자이자 전 페이스북 임원인 차마스 팔리하피티야(Chamath Palihapitiya)는 몇 개의 주식에 대한 집중도가 높아질수록 투자 위험이 증가한다고 설명했다.
그는 일요일 X 포스트에서 S&amp;P 500 지수 내 주식들의 가중치 불균형을 강조하며 &#8220;시장 변동성이 발생할 경우, 다각화의 부족이 막대한 손실을 초래할 수 있다&#8221;고 말했다.
케빈 고든(Kevin Gordon), 찰스 슈왑의 이사이자 수석 투자 전략가는 이를 보여주는 그래픽을 공유했다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
Equal weight ETF's are always available.
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1873144584831910181?ref_src=twsrc%5Etfw">December 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
하지만 이는 S&amp;P 500의 가중치를 반영한 ETF에만 해당된다. 스펜서 하키미안(Spencer Hakimian), 톨루 캐피털 매니지먼트(Tolou Capital Management)의 창립자는 팔리하피티야의 게시물에 &#8220;동일 가중 ETF는 항상 이용 가능하다&#8221;고 답변했다. 그러나 이러한 ETF는 리밸런싱 및 세금 비용이 수반된다는 점도 고려해야 한다.
또한 읽기: <a href="https://www.benzinga.com/24/12/42700635/palantir-technologies-nearly-three-times-more-expensive-than-industry-average-shares-zoom-over-395-amid-overbought-conditions" target="_blank" rel="noopener" data-google-interstitial="false">팔란티어는 업계 평균보다 거의 3배 더 비싸다. 과매수 조건 속에서 PLTR 주식이 395% 이상 급등</a>
왜 중요한가: 다음은 S&amp;P 500 지수 내에서 지수 가중치가 가장 높은 상위 10개 주식이다. 이 주식들은 다양한 주식 클래스와 함께 &#8216;매그니피센트 세븐&#8217; 주식, 브로드컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) 및 버크셔 해서웨이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)를 포함한다. 정보 기술 섹터가 상위 10개 S&amp;P 500 구성 종목 중에서 가장 높은 비중을 차지하고 있다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>구성 종목</td>
<td>기호</td>
<td>섹터</td>
</tr>
<tr>
<td>애플</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>정보 기술</td>
</tr>
<tr>
<td>엔비디아</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>정보 기술</td>
</tr>
<tr>
<td>마이크로소프트</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>정보 기술</td>
</tr>
<tr>
<td>아마존닷컴</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>소비재</td>
</tr>
<tr>
<td>메타 플랫폼스</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>커뮤니케이션 서비스</td>
</tr>
<tr>
<td>알파벳 A</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>커뮤니케이션 서비스</td>
</tr>
<tr>
<td>테슬라</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>소비재</td>
</tr>
<tr>
<td>버크셔 해서웨이</td>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)</td>
<td>금융</td>
</tr>
<tr>
<td>알파벳 C</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</td>
<td>커뮤니케이션 서비스</td>
</tr>
<tr>
<td>브로드컴</td>
<td>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>정보 기술</td>
</tr>
</tbody>
</table><figcaption class="wp-element-caption">출처: <a href="https://www.spglobal.com/spdji/en/indices/equity/sp-500/#data">S&amp;PGlobal 웹사이트</a></figcaption></figure>
시가총액 가중 지수의 경우, 가중치는 일반적으로 회사의 시가총액에 비례하므로 대형 회사가 더 큰 영향을 미친다. 그러나 동일 가중 지수는 각 구성 주식에 동일한 가중치를 부여하여 시장 규모에 관계없이 동일하게 취급한다.
올해 S&amp;P 500 지수는 S&amp;P 500 동일 가중 지수를 초과 성과를 기록했으며, 이를 추적하는 ETF들도 마찬가지이다. SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)는 올해 25.89% 상승했으며, Invesco S&amp;P 500 Equal Weight ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>)는 2024년에 단 11.94% 상승했다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>지수/ETF</td>
<td>6개월</td>
<td>올해</td>
</tr>
<tr>
<td>S&amp;P 500 지수</td>
<td>9.05%</td>
<td>25.89%</td>
</tr>
<tr>
<td>SPDR S&amp;P 500 ETF Trust</td>
<td>9.11%</td>
<td>25.89%</td>
</tr>
<tr>
<td>S&amp;P 500 동일 가중 지수</td>
<td>8.33%</td>
<td>11.88%</td>
</tr>
<tr>
<td>Invesco S&amp;P 500 동일 가중 ETF</td>
<td>8.43%</td>
<td>11.94%</td>
</tr>
</tbody>
</table>
</figure>
사진 출처: TechCrunch, Flickr
다음 읽기:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42678014/top-7-blue-chip-stocks-with-the-best-return-potential-going-into-2025">2025년으로 가는 최고의 블루칩 주식 7선</a></li>
</ul>
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팔리하피티야: S&P 500 지수 ETF가 '수정'되어야 하며 그렇지 않으면 '재앙'으로 끝날 것

자본 가중 S&amp;P 500 지수를 추적하는 SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)와 동등 가중 지수인 Invesco S&amp;P 500 Equal Weight ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>) 사이의 성과 격차가 <a href="https://www.benzinga.com/markets" target="_blank" rel="noopener" data-google-interstitial="false">12월에 4%포인트</a> 이상으로 확대되었다.
이는 2023년 5월 이후 월간 격차가 가장 큰 것으로, 올해 마지막 달에 소수의 주식 그룹이 시장 수익률을 얼마나 부담하고 있는지를 반영한다.
12월 17일 기준으로 S&amp;P 500의 500개 주식 중 단 90개만이 긍정적인 성과를 보이고 있어, 시장 폭이 극히 좁다는 충격적인 사실이 드러났다.
엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)를 제외한 모든 매그니피센트 7 주식들 — 애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), 마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), 알파벳(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), 아마존닷컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), 메타 플랫폼스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) 및 테슬라(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) —은 이번 달에 상승세를 기록했다.
브로드컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)을 추가하면, 이 8개 주식의 동등 가중 포트폴리오는 12월에 이미 16%의 놀라운 수익률을 기록했다.
이는 동등 가중 S&amp;P 500 지수가 이번 달에 3% 하락하는 등 더 넓은 시장이 어려움을 겪고 있는 것과 극명한 대조를 이룬다.
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>기업</th>
<th>가격 변동 % (MTD)</th>
<th>시가 총액 ($)</th>
</tr>
</thead>
<tbody>
<tr>
<td>브로드컴</td>
<td>48.27</td>
<td>1.12 조</td>
</tr>
<tr>
<td>테슬라</td>
<td>37.03</td>
<td>1.52 조</td>
</tr>
<tr>
<td>알파벳</td>
<td>16.72</td>
<td>2.43 조</td>
</tr>
<tr>
<td>아마존닷컴</td>
<td>11.18</td>
<td>2.43 조</td>
</tr>
<tr>
<td>메타 플랫폼스</td>
<td>9.15</td>
<td>1.58 조</td>
</tr>
<tr>
<td>마이크로소프트</td>
<td>7.25</td>
<td>3.38 조</td>
</tr>
<tr>
<td>애플</td>
<td>6.52</td>
<td>3.82 조</td>
</tr>
<tr>
<td>엔비디아</td>
<td>-5.94</td>
<td>3.18 조</td>
</tr>
</tbody>
<tfoot>
<tr>
<td>평균</td>
<td>16.26%</td>
<td></td>
</tr>
</tfoot>
</table>
</figure>
<h3 class="wp-block-heading">폭의 축소: 나쁜 신호인가 숨겨진 기회인가?</h3>
라이언 데트릭, CMT, 카슨 그룹(Carson Group LLC)의 수석 시장 전략가는 주목할 만한 경향을 강조했다.
S&amp;P 500은 이제 11일 연속으로 하락 종목이 상승 종목보다 많아졌으며, 이는 1996년 이후 가장 긴 연속 기록이다.
많은 투자자들이 이를 하락 신호로 볼 수 있지만, 역사적 데이터는 놀랍게도 다른 그림을 보여준다.
&#8220;많은 사람들이 이것을 하락세로 주장하지만, 과연 그럴까?&#8221;라고 데트릭이 말했다. &#8220;가장 긴 연속 기록을 보면 실제로는 오히려 상승세로 보입니다. 1년 후에 전반적으로 큰 초과 성과를 기록했다.&#8221;
다음은 역사적으로 유사한 마이너스 폭 구간 이후 S&amp;P 500의 성과를 보여준다:
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>날짜</th>
<th>부진한 폭의 일수</th>
<th>1개월</th>
<th>3개월</th>
<th>6개월</th>
<th>1년</th>
</tr>
</thead>
<tbody>
<tr>
<td>1991년 9월 10일</td>
<td>8</td>
<td>-2.1%</td>
<td>-1.4%</td>
<td>6.0%</td>
<td>7.9%</td>
</tr>
<tr>
<td>1996년 6월 20일</td>
<td>11</td>
<td>-4.3%</td>
<td>3.2%</td>
<td>10.5%</td>
<td>35.6%</td>
</tr>
<tr>
<td>2018년 12월 24일</td>
<td>8</td>
<td>13.3%</td>
<td>19.3%</td>
<td>23.9%</td>
<td>37.1%</td>
</tr>
<tr>
<td>평균</td>
<td>—</td>
<td>3.0%</td>
<td>4.8%</td>
<td>8.6%</td>
<td>14.8%</td>
</tr>
<tr>
<td>전체 평균</td>
<td>(1950–2023)</td>
<td>0.7%</td>
<td>2.2%</td>
<td>4.4%</td>
<td>9.0%</td>
</tr>
</tbody>
</table>
</figure>
특히 역사적 데이터는 다음 해에 수익률이 크게 개선되는 경향이 있으며, 87.5%의 경우에서 부진한 폭 이후에 긍정적인 성과를 보였다.
즉, 나쁜 폭은 반드시 나쁜 소식을 의미하지 않는다. 역사가 계속된다면 약한 시장 참여는 향후 더 강한 수익을 나타낼 수 있다.
그러나 투자자들은 변동성 증가와 급격한 하락의 가능성에 대처해야 할 수도 있다.
아담 턴퀴스트, LPL 파이낸셜의 수석 기술 전략가는 S&amp;P 500이 11일 연속으로 하락 종목이 상승 종목보다 많아진 것에 대해 더 비관적인 시각을 가졌다.
&#8220;이 일이 마지막으로 발생한 것은 1996년 6월 20일로, 그 후 며칠 만에 200일 이동 평균선의 지지선에 거의 직접적으로 끝나는 10%의 급락이 발생했다. 이는 시장 정점이나 조정이 임박하다는 것을 의미하지는 않지만, 최근 상승의 밑바닥이 약할 수 있다는 증거를 추가한다&#8221;고 그가 말했다.
<h3 class="wp-block-heading">성장 섹터는 빛나지만, 더 넓은 반등이 가능</h3>
성장 이야기의 성과는 섹터별로 뚜렷하게 나타났다.
스티븐 수트마이어, CFA, CMT, 뱅크 오브 아메리카의 애널리스트는 12월의 상승세가 소비재, 통신 서비스 및 기술과 같은 성장 섹터에 집중되었다고 밝혔다.
&#8220;다른 모든 섹터는 부정적인 성과를 보였다&#8221;고 수트마이어가 말하며 동등 가중 S&amp;P 500 ETF(RSP)의 부진을 강조했다. 그럼에도 그는 NYSE 종합지수(NYA)와 RSP 모두에 대한 연말 반등 가능성을 제안하면서 조심스러운 낙관론을 유지하고 있다.

다음 읽기: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42531373/financial-stocks-near-record-year-could-trump-deregulation-fuel-bigger-gains-in-2025">역대 최대 실적을 앞둔 금융주: 트럼프 규제 완화가 2025년 더 큰 이익을 가져올까?</a></li>
</ul>
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거대 기술 기업들이 S&P 500 현실에서 벗어나면서 시장 폭이 더욱 악화: 2025년은 강세, 약세?

도널드 트럼프의 미국 대선 승리는 주식 랠리를 촉발시켰다. 핀테크 기업 어프리시에이트(Appreciate)의 최고 비즈니스 책임자인 요게시 칸살(Yogesh Kansal)은 "감세와 규제완화가 기업 수익 증가로 이어질 것"이라는 <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">트럼프 행정부의 계획</a>에 따라 이러한 상승세는 지속될 것으로 전망했다. 그는 석유와 천연가스처럼 규제가 심한 분야가 트럼프 행정부 하에서 혜택을 받을 것이라고 덧붙였다.
무슨 일 있었나: 감세 및 규제완화는 주식 시장에 긍정적이지만, 트럼프 행정부의 이민과 <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">관세 인상</a>에 대한 입장은 시장에 반대되는 영향을 미친다.
칸살은 이민자 추방으로 인해 "모든 기업의 인건비가 상승할 것이며, 이는 기본적으로 기업의 수익성이 하락한다는 것을 의미한다&#8221;고 했다. 또한 관세가 부과되면 "글로벌 수요"의 변화로 인해 "주가가 더 낮아질 수 있다"고 말했다.
모건스탠리도 12월 3일자 메모에서 무역 관세, 이민 정책, 재정 지속 가능성, 새로운 정책의 범위와 시기가 광범위한 경제 전망을 제약할 수 있다는 우려를 표명했다. 특히 기술 및 천연가스 부문의 성장과 혁신을 예상했다.
이 기사도 읽어보세요: <a href="https://kr.benzinga.com/news/usa/stocks/%EB%AA%A8%EA%B1%B4%EC%8A%A4%ED%83%A0%EB%A6%AC-%ED%8A%B8%EB%9F%BC%ED%94%84-2%EA%B8%B0-%ED%96%89%EC%A0%95%EB%B6%80-%EC%B2%AB-100%EC%9D%BC%EA%B0%84-%EC%83%81%EC%8A%B9%ED%95%98%EB%9D%BD-%EC%98%88/">모건스탠리: 트럼프 2기 행정부 첫 100일간 상승·하락 예상 섹터는?</a>
왜 중요한가: 칸살은 트럼프의 규제완화 시도로 인해 "에너지, 석유 및 가스, 의료, 은행과 같이 규제가 심한 산업이 순풍을 맞을 것"이라고 말한다.
Invesco S&amp;P 500 Equal Weight ETF(ACRA:RSP)는 연초 대비 17.3% 상승했다. 반면, iShares Russell 1000 Value ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>)와 Vanguard High Dividend Yield Index ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYM#NYSE">VYM</a>)는 각각 18.56%와 18.96% 상승했으나, 같은 기간 S&amp;P 500의 연초 대비 28.41% 성장에 비해 저조한 성과를 보였다.
반면, ProShares S&amp;P 500 Ex-Energy ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXE#NYSE">SPXE</a>)는 연초 대비 28.85% 성장하여 지수를 초과 성과를 기록했다.
다른 애널리스트들도 트럼프의 승리가 에너지 섹터의 호황으로 이어질 것이라고 말했다. 공인재무설계사(CFA) 겸 영국 인크레드 글로벌 웰스 투자 책임자인 마리오 조지우(Mario Georgiou)는 "석유 생산과 지정학적 위험을 지원하는 규제완화로 유가 상승이 지속될 수 있고 상대적 밸류에이션이 매력적"이라고 <a href=""https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst"">말했다</a>.
2024년 에너지 섹터가 전체 시장 대비 저조한 성과를 보였지만 "근본적으로 에너지 기업은 8~12%의 주주 수익률로 주주 친화적이며, 낮은 EBITDA 대비 순부채 비율과 6.50% 이상의 높은 잉여현금흐름 수익률로 견실한 대차대조표를 보유하고 있다"고 덧붙였다.
모건스탠리에 따르면 에너지 섹터는 분열된 미래에 직면해 있습. 트럼프의 규제완화는 전통적인 에너지에 도움이 될 수 있지만, 잠재적 공급 과잉과 특히 중국의 글로벌 수요 약세로 인해 석유에 대한 전망은 불확실하다. 반면 천연가스는 유럽의 강력한 수요와 전기화 및 AI 기반 데이터센터에 대한 국내 사용 증가로 인해 성장할 수 있다.
트럼프가 바이든의 2022년 인플레이션 감소법 세금 공제를 철회할 경우 청정에너지 부문은 어려움에 직면할 수 있다. 그러나 공화당 주에 대한 혜택으로 인해 전면적인 폐지는 어려울 것으로 보인다.
반면에 칸살은 인공지능 열풍이 불고 있는 기술 부문에 대해서도 긍정적이었다. "현재 미국 주식 시장을 이끄는 가장 큰 요인은 바로 AI다. AI의 생산성 향상에 대한 기대감 때문에 많은 활동과 많은 투자가 이루어지고 있다.&#8221;
그러나 조지우는 "채권 금리가 상승하면 미래 수익에 적용되는 할인율이 높아져 기술과 같은 고성장 업종에 불균형적인 영향을 미친다&#8221;며 &#8220;따라서 우리는 레버리지가 높고, 수익성이 떨어지는 기술주를 피하지만 그렇다고 해서 기술 섹터의 비중을 낮추지는 않는다&#8221;고 했다. 기술 섹터에는 충분히 우량한 기업이 있기 때문이다.
미국 주식 시장의 주요 AI 업체로는 연초 대비 195.7%의 상승률을 기록한 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)와 같은 기간 19.6%의 상승률을 기록한 마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)가 있다.
아마존(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)과 알파벳(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)은 각각 연초 대비 51.42% 및 26.46% 상승했다. &#8220;따라서 향후 12개월 동안 소프트웨어와 하드웨어, 기술 산업이 FAANG 종목 및 엔비디아를 포함하여 잘 나갈 것이라고 생각한다&#8221;고 칸살을 덧붙였다.
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모건스탠리에 따르면 2024년 대선에서 공화당의 승리는 상당한 정책 변화로 이어질 수 있다. 특히 <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst" target="_blank" rel="noopener">기술 </a>및 <a href="https://www.benzinga.com/money/best-natural-gas-stocks" target="_blank" rel="noopener">천연가스</a> 부문에서 성장과 혁신이 일어날 것으로 예상한다. 그러나 무역 관세, 이민 정책, 재정 지속 가능성, 새로운 정책의 범위와 시기에 대한 우려가 더 넓은 경제 전망을 제약할 수 있다고 경고한다.
<h3>모건스탠리의 추천 종목</h3>
시장은 도널드 트럼프 당선인의 승리에 긍정적으로 반응하며 선거 전 수준보다 높게 거래되고 있다. 하지만 예상보다 느린 규제 완화와 낮은 감세 폭이 시장에 영향을 미칠 수 있으므로, 모건스탠리 글로벌 투자 오피스는 투자자들이 다음 섹터를 주시해야 한다고 전했다.
에너지 섹터
모건스탠리에 따르면 에너지 섹터는 분열된 미래에 직면해 있다. 트럼프의 규제 완화는 전통적인 에너지에 도움이 될 수 있지만, 공급 과잉과 특히 중국의 글로벌 수요 약세로 인해 석유 전망은 불확실하다. 반면 천연가스는 유럽의 강력한 수요와 전기화 및 AI 기반 데이터 센터에 대한 국내 사용 증가로 인해 성장할 수 있다.
트럼프가 바이든의 2022년 인플레이션 감축법의 세금 공제를 철회하면 청정에너지 부문은 어려움에 직면할 수 있다. 그러나 공화당 주에 대한 혜택으로 인해 전면적인 철회는 어려울 것으로 보인다.
Invesco S&amp;P 500 Equal Weight ETF(ACRA: RSP)는 연초 대비 17.36% 상승했다. 같은 기간 동안 iShares Russell 1000 Value ETF(ACRA:IWD), Vanguard High Dividend Yield Index ETF(ACRA:VYM)는 각각 18.56%와 18.96% 상승했지만 S&amp;P 500보다 저조한 성과를 보였다. 반면 ProShares S&amp;P 500 Ex-Energy ETF(ACRA:SPXE)는 연초 대비 28.85% 성장하여 지수를 초과했다.
이 기사도 읽어보세요: <a href="https://kr.benzinga.com/news/usa/economy/%ED%8C%8C%EC%9B%94-%EC%97%B0%EC%A4%80-%EC%9D%98%EC%9E%A5%EC%97%90-%EB%8C%80%ED%95%9C-%ED%8A%B8%EB%9F%BC%ED%94%84%EC%9D%98-%EC%9E%85%EC%9E%A5-%EB%B3%80%ED%99%94-%EB%8B%B9%EC%9E%A5-%EA%B5%90%EC%B2%B4/" target="_blank" rel="noopener">파월 연준 의장에 대한 트럼프의 입장 변화 "당장 교체 계획 없어"</a>
방위 섹터
모건스탠리는 지정학적 긴장이 고조되는 가운데 미국의 <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42369000/booz-allen-and-palantir-partner-to-drive-us-defense-operations">국방</a> 지출은 견고하게 유지될 것으로 예상된다고 본다. 그러나 미국의 나토 참여에 대한 불확실성과 다른 나토 회원국들의 지출 증가로 인해 유럽 방위주들은 미국 주식을 능가하는 성과를 거두었다.
트럼프는 일요일 NBC 뉴스와의 당선 후 첫 방송 인터뷰에서 "그들이 청구서를 지불하고 있고 우리를 공정하게 대우하고 있다고 생각한다면 당연히 나토에 남아있을 것"이라고 말했다.
또한 사이버 보안, AI, 드론 및 기타 분야의 기술 발전으로 인해 전통적인 거대 방위 기업보다 소규모 전문 기업이 선호되고 있다고 모건스탠리는 덧붙였다.
<a href=""https://pro.benzinga.com/dashboard"">벤징가 프로</a> 데이터에 따르면 S&amp;P 500 항공우주 및 방위 산업 지수는 연초 대비 15.78% 상승한 반면, 같은 기간 록히드 마틴(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), RTX 코퍼레이션(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), iShares U.S. Aerospace &amp; Defense ETF(ACRA:ITA)는 각각 12.48%, 38.45% 및 20.15% 상승했다.
기술 및 커뮤니케이션 섹터
모건스탠리에 따르면 기술 부문은 엇갈린 결과를 보일 수 있다. 암호화폐와 AI 산업은 트럼프의 우호적인 입장으로 혜택을 볼 수 있다. 반도체 리쇼어링 법안을 통한 반도체 리쇼어링에 대한 투자는 해당 분야를 강화하여 AI를 국가 안보 우선 순위로 강조할 수도 있다. 그러나 소셜 미디어 및 정보 기업은 계속해서 규제 및 반독점 문제에 직면할 수 있다.
미국 주식 시장의 주요 AI 기업으로는 전년 대비 195.7%의 실적을 기록한 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)가 있으며 같은 기간 동안 마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)는 19.6% 상승했다. 또한 아마존(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), 알파벳(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)은 각각 51.42%와 26.46% 상승했다.
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모건스탠리: 트럼프 2기 행정부 첫 100일간 상승·하락 예상 섹터는?

월요일, 슈퍼 마이크로 컴퓨터(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)의 주가는 강력한 냉각수 분배 장치(CDU), 냉각판, 냉각수 분배 매니폴드(CDM), 냉각 타워 및 <a href="https://www.benzinga.com/pressreleases/24/10/n41206584/supermicro-solidifies-position-as-a-leader-in-complete-rack-scale-liquid-cooling-solutions-current" target="_blank" rel="noreferrer noopener">엔드투엔드 관리 소프트웨어</a>를 포함하는 완전한 액체 냉각 솔루션을 발표한 후 15% 이상 급등했다.
슈퍼 마이크로는 최근 세계에서 가장 큰 인공지능(AI) 공장 중 일부와 기타 클라우드 서비스 제공업체(CSP)를 위해 100,000개 이상의 GPU를 액체 냉각 솔루션(DLC)과 함께 배포했다고 밝혔다.
슈퍼 마이크로의 초밀집 서버는 듀얼 톱빈 CPU와 4U 공간에 8개의 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) HGX GPU를 장착하고 액체 냉각을 통해 컴퓨팅 밀도를 4배로 증가시켜 조직이 더 큰 훈련 모델을 더 작은 데이터 센터 공간에서 실행할 수 있게 한다.
추가 읽기: <a href="https://www.benzinga.com/markets/equities/24/10/41162435/supermicro-and-fujitsu-partner-for-ai-powered-server-whats-in-store" target="_blank" rel="noreferrer noopener">슈퍼 마이크로와 후지쯔가 AI 기반 서버를 위해 파트너십을 체결했습니다: 앞으로의 계획은?</a>
이 완전한 솔루션은 지속적인 전력 비용, Day 0 하드웨어 인수 비용 및 데이터 센터 냉각 인프라 비용을 줄여준다.
그러나 슈퍼 마이크로의 주식은 미국 법무부가 힌덴버그 리서치(Hindenburg Research)의 <a href="https://www.benzinga.com/news/24/09/41052423/super-micro-computer-stock-falls-on-report-of-doj-probe-what-to-know" target="_blank" rel="noreferrer noopener" data-google-interstitial="false">8월 공매도 보고서</a>에 따라 이 회사를 조사하기 시작한 이후 압박을 받고 있다.
이 공매도 보고서는 전 직원 밥 루옹(Bob Luong)의 주장을 강조하며 AI 서버 회사의 부적절한 수익 인식 정책과 과거 회계 위반으로 해고된 직원들의 재고용을 다뤘다.
슈퍼 마이크로는 2020년에 미 증권거래위원회(SEC)와 1,750만 달러의 합의를 체결했으며, 혐의를 인정하거나 부인하지 않았다.
니덤(Needham)의 애널리스트인 퀸 볼튼(Quinn Bolton)은 슈퍼 마이크로를 랙 수준 액체 냉각 솔루션의 선두주자로 지목하고, 액체 냉각을 통한 추가 <a href="https://www.benzinga.com/news/24/09/40926422/super-micro-poised-for-expansion-as-gross-margin-concerns-ease-internal-control-risks-priced-in-anal" target="_blank" rel="noreferrer noopener">시장 점유율 확대 기회</a>로 강조했다.
볼튼은 주식이 이 공매도 보고서에 따른 이사회 내부 통제 검토와 관련된 대부분의 위험을 가격에 반영했다고 언급했다.
슈퍼 마이크로의 주식은 지난 12개월 동안 64% 이상 상승했다. 투자자들은 Vanguard Growth ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>)와 Invesco S&amp;P 500 Equal Weight ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>)를 통해 이 주식에 투자할 수 있다.
주가 움직임: SMCI의 주식은 월요일 15.79% 상승한 47.74달러에 마감되었다.
추가 읽기:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41012678/super-micro-unveils-next-gen-servers-powered-by-intels-latest-xeon-chips" target="_blank" rel="noreferrer noopener">슈퍼 마이크로, 인텔 최신 제온 칩으로 구동되는 차세대 서버 공개</a></li>
</ul>
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
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<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

월요일, 슈퍼 마이크로 컴퓨터의 주식이 15% 이상 급등한 이유는?

이번 주 목요일 소비자 물가지수(CPI) 데이터는 미국 인플레이션이 연방준비제도(연준)의 많은 논의가 있는 <a href="https://www.benzinga.com/government/24/06/39470021/janet-yellen-says-inflation-to-come-down-to-feds-2-target-by-2025-dismisses-possibility-of-us-recess">2% 목표</a>에 점점 더 가까워지고 있다는 고무적인 신호를 제공했다.
이에 따라 <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39728268/inflation-slows-more-expected-to-3-in-june-heightens-expectations-for-rate-cuts-t">금리 인하</a>에 대한 추측이 증폭되었다.
연간 물가상승률은 2024년 6월 3%로 예상보다 크게 하락해 2021년 3월 이후 최저치를 기록했다. 놀랍게도 월별 물가상승률은 2020년 5월 이후 처음으로 0.1% 하락세를 보였다.
투자자들과 경제학자들은 연준이 <a href="https://www.benzinga.com/general/politics/24/07/39731800/biden-cheers-inflation-progress-rate-cut-chorus-grows-louder-among-5-economists-this-is-just-wha" target="_blank" rel="noopener" data-google-interstitial="false">9월 금리를 인하</a>할 준비가 되어 있다는 확신을 키워 시장 내재 금리 인하 가능성을 90% 이상으로 높였다.
금요일 <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39748331/june-producer-inflation-exceeds-forecasts-restrains-investor-euphoria-following-c" target="_blank" rel="noopener" data-google-interstitial="false">예상보다 높은 생산자 물가지수(PPI)</a> 데이터 보고서는 미시간 대학의 <a href="https://www.benzinga.com/markets/equities/24/07/39750466/us-consumer-morale-dips-more-than-expected-in-july-sentiment-remains-stubbornly-subdued" target="_blank" rel="noopener" data-google-interstitial="false">최신 소비자 심리</a> 보고서에서 사기가 저하되고 인플레이션 기대치가 하락했음을 확인하면서 이러한 기대치를 크게 바꾸지 못했다.
시장에서는 이전에 높은 금리의 영향을 받았고 아직 차입 비용의 잠재적 감소가 가격에 반영되지 않은 부문들이 <a href="https://www.benzinga.com/markets/asia/24/07/39733667/inflation-data-sparks-rush-for-gold-real-estate-treasuries-yen-traders-see-september-rate-cut-as-don" target="_blank" rel="noopener" data-google-interstitial="false">이미 그러한 금리 인하</a>를 크게 예상했던 기술 부문을 능가했다.
Invesco S&amp;P 500 Equal Weight ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>)가 추적하는 동일 가중치 S&amp;P 500은 SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)를 통해 모니터링하는 시가총액 S&amp;P 500을 능가했으며, 가치주는 성장주보다 우수한 성과를 보였다.
Real Estate Select Sector SPDR Fund(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)가 추적하는 부동산 부문과 iShares Russell 2000 ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>)가 재현하는 러셀(Russell) 2000 소형주 지수 모두 올해 가장 강한 주를 달성했다.
이번 주의 차트: 러셀 2000지수, 2023년 10월 이후 가장 강한 한 주를 보내
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-434055" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-1024x488.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-1024x488.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-768x366.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17-1536x732.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12143443/image-17.png 1920w" alt="" width="1024" height="488" /></figure>
그간의 뉴스
이번 주에는 흔하지 않은 시장 역학: 목요일, 러셀 2000 지수는 3.63% 급등했고, 러셀 1000 대형주 지수는 0.66% 하락했다. 두 지수 간의 성과 차이가 4%를 넘은 것은 역사상 다섯 번째이다. 이는 이전에 주요 시장 침체기에 발생했다. 이번에는 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39739225/the-market-did-something-today-that-has-only-occurred-4-times-in-history" target="_blank" rel="noopener" data-google-interstitial="false">S&amp;P 500</a> 사상 최고치에 근접했다.
체중 감량 약: 화이자(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>)는 화이자(Pfizer Inc)는 1일 1회 복용하는 체중 감량 알약인 다누글리프론(danuglipron)의 개선된 약동학 및 안전성 프로필을 발표했다. 이 거대 제약회사는 <a href="https://www.benzinga.com/general/biotech/24/07/39730398/pfizer-advances-once-daily-weight-loss-pill-as-it-catches-up-to-tap-the-lucrative-market" target="_blank" rel="noopener" data-google-interstitial="false">2024년 말</a>에 용량 최적화 연구를 수행할 계획이다.
기술주에 대한 투표: 애플(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), 마이크로소프트(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), 메타 플랫폼스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) 및 알파벳(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) 모두 52주 최고치를 기록했다. Benzinga 여론조사는 투자자 선호도를 보여준다:
<ul>
<li>마이크로소프트가 32%</li>
<li>애플은 29%</li>
<li>구글은 23%,</li>
<li>메타는 16%.</li>
</ul>
투자자들은 인공지능의 성장 잠재력과 가치 평가를 <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/07/39716688/apple-microsoft-meta-google-which-would-you-buy-at-all-time-high-investor-poll-reveals">선택의 주요 요인으로 지목했다.</a>
다음에는:
<ul>
<li><a href="https://kr.benzinga.com/news/ipo-%ec%a4%80%eb%b9%84%ea%b0%80-%eb%90%9c-%ec%89%ac%ec%9d%b8%ec%9d%80-%ed%8c%a8%ec%8a%a4%ed%8a%b8-%ed%8c%a8%ec%85%98-%ea%b2%bd%ec%9f%81%ec%82%ac%eb%93%a4%eb%b3%b4%eb%8b%a4-%eb%8d%94-%eb%a7%8e%ec%9d%80/" target="_blank" rel="noopener">IPO 준비가 된 쉬인은 패스트 패션 경쟁사들보다 더 많은 트래픽 기록, 테무와 포시마크는?</a></li>
</ul>
이미지: 셔터스톡
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이번 주 시장 동향: 인플레이션 하락이 금리 인하 기대 자극, 러셀 2000은 3.6% 이상 상승

최근 몇 년간 <a href="https://www.benzinga.com/topic/meme-stocks">밈 주식</a>의 상승으로 인해 투자 교육이 더욱 활성화되었으며, 일부 투자자들이 자산을 다변화해야한다는 것을 깨달았다.
발생한 일 (What Happened): 벤징가(Benzinga)의 창립자이자 회장인 <a href="https://x.com/JasonRaznick">제이슨 라즈닉</a>(Jason Raznick)은 화요일 슈왑 네트웍스(Schwab Networks)의 &#8220;마켓 온 클로즈(Market On Close)&#8221; 인터뷰에서 <a href="https://www.benzinga.com/general/gaming/23/01/30412695/gamestop-short-squeeze-anniversary-a-look-back-at-david-vs-goliath-battle-and-whats-next">밈 주식</a>이 시장을 어떻게 변화시켰는지에 대한 자신의 생각을 공유했다.
코로나19 팬데믹으로 인해 새로운 소매 트레이더들이 시장에 참여하게 되었고, 이는 나중에 밈 주식 열풍으로 바뀌었다고 라즈닉이 말했다.
Benzinga에서는 콘텐츠가 게임스탑(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)과 같은 주식에 집중되는 경우가 많다고 그가 말하며, 이 주식의 하향 조정이나 밈 주식 투자에 대한 주의 사항과 같은 뉴스가 공유되면 일부 독자들이 화를 낼 것이라고 회상했다.
밈 주식에 대한 주의는 닷컴 주식과 투자자들이 몰락한 역사에서 비롯되었다고 라즈닉이 <a href="https://schwabnetwork.com/">말했다</a>.
&#8220;나는 한 세대의 투자자를 잃고 싶지 않았다.&#8221;
닷컴 시대에 IPO를 했던 많은 회사들이 파산했다고 이 벤징가 창업자가 말했다. 그는 교육과 다각화 노력으로 인해 투자자들이 밈 주식 이후 시장을 떠나지 않았다고 말했다.
라즈닉은 더 많은 투자자들이 Benzinga의 개별 주식뿐만 아니라 인덱스 펀드를 보고 있다고 말했다.
&#8220;이것이 당신의 평생 저축이라면, 한 주식에 모두 투자하는 것은 말이 안된다.&#8221;
라즈닉은 게임스탑, AMC 엔터테인먼트 홀딩스(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) 및 츄이(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>)와 같은 밈 주식을 종종 주도하는 이야기라고 말했다.
그는 &#8220;이런 일을 설명하는 데 도움이 되는 기술적인 요인이 없다&#8221;라고 말하면서 일부 밈 주식의 경우 &#8220;이야기가 너무 좋아 보인다&#8221;고 덧붙였다.
더 읽어보기: <a href="https://www.benzinga.com/news/24/03/37514201/innovation-risk-and-growth-lessons-in-entrepreneurship-from-benzingas-co-founder-jason-raznick" target="_blank" rel="noopener" data-google-interstitial="false">혁신, 위험 및 성장: 벤징가의 공동 창업자인 제이슨 라즈닉이 전하는 기업가 정신의 교훈</a>
다음은 (What&#8217;s Next): 슈왑 네트웍스의 진행자 올리버 레닉(Oliver Renick)은 밈 주식 열풍이 최종적으로 이익을 봤는지 물었다: 많은 사람들이 돈을 벌었지만 투자자들도 손해를 봤다.
라즈닉은 &#8220;내 생각에는 최종적으로 이익을 보았다고 보지만, 손실에 가깝다&#8221;라고 말했다.
밈 주식에서 나온 긍정적인 점 중 하나는 소매 트레이더들이 소셜 미디어와 다른 투자자들로부터 모든 계란을 한 바구니에 담지 않고 다각화하는 방법을 배웠다는 것이다.
라즈닉은 SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)가 추적하는 S&amp;P 500과 관련하여 주의와 다각화에 대해 말했다.
매그니피센트 7 기업들의 주식은 이 지수 및 추적 ETF들의 큰 부분을 차지하며, 라즈닉은 해당 주식들이 하락하면 &#8220;지수가 죽는다&#8221;고 말했다.
그는 동일 가중치 S&amp;P 500 ETF를 구매하여 다각화해 왔다고 말했다. 슈왑의 레닉은 투자자들이 사용할 수 있는 옵션 중 하나로 Invesco S&amp;P 500 Equal Weight ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>)를 선정했다.
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요 
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CHWY

벤징가 창립자 제이슨 라즈닉의 밈 주식과 다각화의 중요성에 대한 의견

SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)는 지난 30일 동안 3.5% 이상 상승했는데, 이는 미국 경제 둔화 <a href="https://www.benzinga.com/top-stories/24/07/39652831/whartons-jeremy-siegel-implores-jerome-powell-to-signal-september-rate-cuts-we-are-in-a-slowing-econ" target="_blank" rel="noopener" data-google-interstitial="false">조짐</a> 속에서도 인상적인 성과이다. 투자자들의 낙관론에도 불구하고 지난 달 S&amp;P 500 구성요소 중 단지 17%만이 지수를 능가했는데, 이는 역사적 최저치이다.
데이터: X의 <a href="https://x.com/KobeissiLetter/status/1810332300766228769">게시글</a>이 컴파운드 뉴스(The Compound News)의 데이터를 전달했다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
How concentrated has this market become?
Just 17% of S&amp;P 500 stocks have outperformed the index over the last 30 days, the lowest share in at least a decade.
In other words, only 85 stocks in the S&amp;P 500 have had higher returns than the index itself over the last month.
By… <a href="https://t.co/ETPAG2ZCi3">pic.twitter.com/ETPAG2ZCi3</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1810332300766228769?ref_src=twsrc%5Etfw">July 8, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
이 데이터에 따르면 지난 30일 동안 S&amp;P 500 회원사들 중 약 17%(약 85개 기업)만이 전체 지수를 능가했다. 초과 성과에 대한 10년 평균은 49%로 오늘날의 수치보다 훨씬 높다.
이는 최소 10년 동안 30일 초과 수익률 중 가장 낮은 수치이다. 이 수치는 2022년 중후반, 2023년 말, 2024년 초에 장기간 동안 50%를 넘었다.
<a href="https://benzinga.com/pro" target="_blank" rel="noopener">Benzinga Pro</a>에 따르면 테슬라, 어도비, 애플, 아마존닷컴은 지수를 능가하는 몇 안 되는 기업들 중 하나이다. 나이키, 다나허, CVS 헬스는 실적이 가장 저조한 기업들 중 일부이다.
왜 이 소식이 (Why it Matters): 이 데이터는 소수의 기술 중심 주식만이 역사적으로 시장에 큰 영향을 미친다는 사실을 반영한다. 빅테크 기업들은 다른 산업 분야의 회사들을 능가했다.
높은 집중도는 양날의 검이다: S&amp;P 500 지수에 노출된 투자자는 기술의 지속적인 상승으로 더 많은 이익을 얻을 수 있지만 시장이 기술 경기에 어려움을 겪을 경우 위험도 증가한다. 골드만삭스 리서치에 <a href="https://www.goldmansachs.com/intelligence/pages/is-the-sp-too-concentrated.html">따르면</a> S&amp;P 500은 역사적으로 최고 집중 기간 다음 해에 반등했다.
표준 S&amp;P 500이 보다 다각화된 Invesco S&amp;P 500 Equal Weight ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>)에 비해 과대평가되었다는 우려가 있다.
사진: 셔터스톡
다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요 
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S&P 500 기업들 중 단지 17%가 지수를 능가: 이것이 시장에 어떤 의미를 가지나?

세금 납부 마지막 날에 관한 흥미로운 <a href="https://www.benzinga.com/topic/taxes">정보</a>들이 많다.
국세청 (IRS)에 따르면 :
<ul>
<li>이번 시즌에는 100만 건 이상의 세무 관련 전화에 대답했다.</li>
<li>4월 6일까지 개인 소득세 환급을 포함하여 1억 건 이상의 세무 신고를 처리했다.</li>
<li>4월 15일 마감일에도 수십만 건의 추가 신고가 이루어질 것으로 예상된다.</li>
<li>약 1,900만 명의 세무자가 10월 15일까지의 연장 신청을 제출할 것으로 예상된다.</li>
<li>이미 2,000억 달러 이상의 환급액이 지급되었다.</li>
<li>평균 환급액은 3,011달러로, 작년 4월의 평균 2,878달러 대비 4.6% 증가했다.</li>
</ul>
이러한 숫자는 매년 바뀝니다. 그러나 적어도 하나의 상당히 일관성 있는 세금 납부 마지막 날의 트렌드가 있다: 예민한 주식 시장의 움직임.
사실 <a href="https://www.bankrate.com/investing/the-tax-season-effect/">뱅크레이트(Bankrate)</a>는 S&amp;P 글로벌(S&amp;P Global)의 켄쇼(Kensho)부서의 자료를 인용하며 4월 첫 두 주 동안의 주식 시장의 흐름은 일반적으로 &#8220;거칠다&#8221;고 설명한다.
많은 세금 납세자들은 즉시 현금이 필요한 경우 주식을 처분하거나 자금 시장 펀드에 접근할 것이다.
2000년부터 2016년까지 세금 납부 마지막 날 전 2주간 S&amp;P 500 지수의 평균 하락율은 0.2%였다.
납세일 이후에는 다른 상황이다. S&amp;P 500은 평균적으로 4월에 약 1.7% 상승하여 마감하는 경향이 있다(뱅크레이트는 이를 &#8220;놀라운&#8221; 75%의 확률로 상승한다고 한다).
머니닷컴(<a href="https://money.com/stocks-could-rise-after-tax-day/">Money.com</a>)에 따르면 S&amp;P 500 지수는 1998년부터 2022년까지 세금 마감일 다음 주(25년 중 19년)에 평균 0.83%의 상승률을 기록했다. 연중 1주 중간 상승률은 0.31%이다.
4월에는 시장의 전반적인 영향이 미미하다. 투자자는 장기 투자 전략을 고수하고 세금 혜택이 있는 퇴직 계좌(예: <a href="https://www.benzinga.com/money/what-is-a-401k" target="_blank" rel="noopener">401k 플랜</a> 및 <a href="https://www.benzinga.com/money/best-ira-accounts" target="_blank" rel="noopener">IRAs</a>)에 우선적으로 기여하는 것이 현명할 것이다.
역사적으로 S&amp;P 500은 연간 10%의 수익을 실현시켰다. 목표는 시장 타이밍을 맞추려고 시도하기보다는 시간이 지남에 따라 투자를 유지하는 것이다.
금융 자문가들은 일반적으로 자신들의 고객들에게 S&amp;P 500 지수 펀드(아래 참조)에 투자하고 장기적인 결과에 초점을 맞출 것을 제안한다.
<ul>
<li><a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPDR S&amp;P 500 ETF</a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)</li>
<li>iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)</li>
<li>Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)</li>
<li>iShares S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVW#NYSE">IVW</a>)</li>
<li>Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>)</li>
</ul>
야데니 리서치(Yardeni Research)의 대표 에드 야데니(Ed Yardeni)는 2026년까지 S&amp;P 500의 지수가 26% 급등하여 <a href="https://www.benzinga.com/markets/equities/24/03/37724263/this-is-a-long-term-bull-market-market-expert-ed-yardeni-stands-by-his-5-400-year-end-s-p-500-ta">6,500</a>에 이를 수 있다고 예측한다.
&#8220;저는 이것이 장기적 강세 시장이라고 생각한다,&#8221;고 이 경제학자가 3월 CNBC에 <a href="https://www.cnbc.com/video/2024/03/13/this-is-a-long-term-bull-market-says-ed-yardeni.html" target="_blank" rel="noreferrer noopener">말했다.</a> &#8220;저는 올해 말까지 5,400을 전망하고, 그것은 작년에 꽤 대담한 예측이었는데, 지금 그 예측이 보수적으로 보인다. 왜 더 이상도 안되겠나?&#8221;
이제 읽어보세요: <a href="https://www.benzinga.com/economics/macro-economic-events/24/04/38247125/retail-sales-rises-more-than-expected-in-march-indicate-strong-consumer-spending">3월 소비자 지출 카드 속에 놓인 소매판매업의 이야기</a>
이미지: 셔터스톡

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