MARKETS TODAY July 13th, 2023 (Vica Partners) Overnight/US Premarket, Asian markets finished firmly higher, Hong Kong’s Hang Seng +2.60%, Japan’s Nikkei 225 +1.49%, China’s Shanghai Composite +1.26%. European markets finished higher, Germany’s DAX +0.74%, France’s CAC 40 +0.50%, London’s FTSE 100 +0.32%. S&P futures were trading at +0.4% above fair value. Today US Markets finished … Read more
INVESTOR SERIES, SECTOR TRENDS The energy sector has been the top performing sector in the S&P 500 index, Energy is up 47.9% year to date while the S&P 500 is down 14%. Within the energy sector, the integrated oil and gas subsector is up 53.8%, and the oil and gas exploration & production subsector has … Read more
SECTOR TRENDS For the past 45 days, five of the largest U.S. banks have outperformed the S&P 500’s 13% gain. Goldman Sacs GS and Morgan Stanley MS, are up 19%, Wells Fargo WFC is up 18%, Citigroup and Bank of America about 17%. Vica overweight rating issued below Applies to Goldman Sacs and Citigroup