“Ultimately, all moments are really one, therefore now is an eternity.”
David Bohm (20 December 1917 – 27 October 1992)
Your daily dashboard will take a Christmas break in the next two weeks, and I hope you will also have the chance to switch off your screens and spend time with your loved ones. Your usual service returns on Monday, January 6th, but if you can’t wait until then to check out the latest market moves and the final scores for 2024, the daily dashboard pdf, packed with 8 pages of detailed index data covering all asset classes and regions, will be updated on the 30th and 31st December as well as with year-end 2024 numbers on January 2nd, courtesy of Dasha. Just click on the here is your daily dashboard link on any previous editions (including today’s), and it will take you to the latest version.
- Traders' nerves steadied somewhat yesterday after Wednesday's turmoil, with the VIX® down 4 points to 24. The S&P 500® was little changed, with gains in Utilities, Financials and Information Technology offset by losses in Real Estate, Materials and Energy.
- With just seven trading sessions, including today, left in the U.S. this year and even less in most international markets, traders await the release of the last major U.S. macro data of 2024. The Personal Consumption Expenditures Index, the Fed’s preferred inflation measure, is due in just over an hour, and is expected to increase from 2.3% in October to 2.5% in November. S&P 500 index futures indicate a negative open, down 0.9% at the time of writing.
- And now, on to 2024’s last tour of fresh content from across S&P DJI:
- In her year-end wrap of U.S. equity performance, Anu Ganti points out that U.S. indices not only outperformed the rest of the world but also provided useful diversification in international equity portfolios.
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- Stellar U.S. equity performance notwithstanding, it was not the best-performing developed market, as I highlight in my latest blog. Investors in Korea, on the other hand, have had a lean year so far, as the local equity index is down almost 20% year-to-date.
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- Information Technology’s strong global performance this year may have been a factor behind Israeli equities’ market-beating return in 2024, as the country is a hotbed of technology and innovation, hosting many high-tech companies from industries like cybersecurity, biotechnology and software development. For investors looking for a more diversified local index than the S&P Israel BMI, which has 9.4% weight in the top constituent, 34.2% in the top 5 and 52.4% in the top 10, S&P DJI launched the S&P Israel 100 Index last year, which measures the performance of 100 of the largest and most liquid Israel-domiciled stocks listed and domiciled in Israel with 8% individual constituent capping and 30% capping applied to GICS sectors. Diego Zurita introduces the new(ish) index in a fresh blog.
- Information Technology’s strong global performance this year may have been a factor behind Israeli equities’ market-beating return in 2024, as the country is a hotbed of technology and innovation, hosting many high-tech companies from industries like cybersecurity, biotechnology and software development. For investors looking for a more diversified local index than the S&P Israel BMI, which has 9.4% weight in the top constituent, 34.2% in the top 5 and 52.4% in the top 10, S&P DJI launched the S&P Israel 100 Index last year, which measures the performance of 100 of the largest and most liquid Israel-domiciled stocks listed and domiciled in Israel with 8% individual constituent capping and 30% capping applied to GICS sectors. Diego Zurita introduces the new(ish) index in a fresh blog.
- And finally: thank you, dear reader, for keeping with us for the whole year. Wishing you all Happy Holidays, Merry Christmas and a Happy New Year. See you in 2025!
