This quarter, the reactions to the S&P 500 earnings have been less positive than usual.
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How India's rupee went from most to least volatile currency in Asia
Source: Bloomberg
Modi's budget could send India stocks soaring higher
Source: Blomberg
A reminder of top strategists 2024 outlook for the S&P 500
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How India's rupee went from most to least volatile currency in Asia
Source : Bloomberg
Allan Lichtman the professor who correctly predicted 9 of the past 10 US elections
Source: The Hill
Goldman Sachs on the mixed impact of corporate stock splits
“Share prices typically rise after a firm announces a stock split. In theory, there is no change in the underlying value of a company when it splits its stock. However, empirically, the academic literature has generally found positive announcement effects around stock splits. We consider a sample of 46 Russell 1000 firms that completed stock splits since 2019. On average, these stocks generated a 4 pp excess return vs. the equal-weight S&P 500 in the week following stock split announcement. However, the stock price did not evidence a clear reaction after the stock split took effect. In addition, because many companies announce stock splits alongside earnings releases, it can be challenging to know how much of the stock rallies are due to the stock split as opposed to strong earnings results”. Source: Goldman Sachs
Goldman and Bank of America expect another bounce as July Communist Party meeting seen including more support measures.
Source: South China Morning Post
