May 19, 01:05 PM

S&P 500 Outperforms Global Equities with 5.3% Weekly Gain, Supported by Rising Dollar and Bullish Rate Signals

The S&P 500 has demonstrated resilience and outperformance relative to broader global risk sentiment signals over recent weeks. According to cross-asset models from ExanteData, the S&P 500 has consistently outperformed expectations, with cumulative outperformance ranging from approximately 4.33% to 6.39% over the past 20 days. Despite futures indicating slight losses ahead of the New York market open, the S&P 500's performance has remained robust, supported by bullish signals from interest rates, while signals from global equities and commodities have been less optimistic. Concurrently, the US dollar has continued its gradual appreciation against both developed and emerging market currencies, aided by a relatively light data calendar. Last week, the S&P 500 outpaced other global stock markets, posting a 5.3% gain compared to a 1.9% increase in the rest of the world. Historical data also highlights that during the S&P 500's three worst calendar years since 2000, the SG Trend Index delivered positive double-digit returns, outperforming the S&P by nearly 50% annually.

#ExanteData #New York #US #SG Trend Index

Written with ChatGPT (GPT-4).

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