The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the performance of 500 large companies listed on stock exchanges in the United States.
Suffers its worst April in 52 years while some investors have been looking for hope in an unusual place. Analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April and in the same time we saw rising inflation, tightening monetary policy and the war in Ukraine. However, corporate profits remain healthy, companies are so far reporting an average growth of 6.6% in first-quarter earnings. Big cash piles are still here and still waiting. "Sell in May and go away" may be sensible advice for professional investors.
Suffers its worst April in 52 years while some investors have been looking for hope in an unusual place. Analysts at Bank of America predicted a “solid rally” in the stockmarket, driven in part by the tendency for share prices to outperform during the month of April and in the same time we saw rising inflation, tightening monetary policy and the war in Ukraine. However, corporate profits remain healthy, companies are so far reporting an average growth of 6.6% in first-quarter earnings. Big cash piles are still here and still waiting. "Sell in May and go away" may be sensible advice for professional investors.
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