DSI

Q2 2024 Active Management Review: Momentum Keeps Rolling

Shifting Narratives: What The Highs And Lows Mean For Expectations

Market concentration rose to multi-decade highs as names like Nvidia, Apple, and Microsoft continued to surge higher. The three largest names in the S&P 500 accounted for 40% of the total returns through the end of 2024. On the lower economy and inflation side of the debate, the Fed continues to work to lower inflation.

Weekly Report: what happened at DSI last week (0715-0719)?

Fresh Thinking On Active Investing In U.S. Large-Cap Stocks

Home Investing Strategy Portfolio Strategy Fresh Thinking On Active Investing In U.S. Large-Cap Stocks. Tony DeSpirito challenges conventional thinking that alpha-seeking investors should avoid large-cap stocks. The top stock by market cap in the S&P 500 is larger than the entire small-cap universe.

Beware The 'Relative Value' Trap

Capital has been rotating out of tech into small and mid-cap indices. Global fund flows have been concentrated in the most expensive US tech sector. The odds of a Fed easing cycle have risen as the US economy continues to weaken. The 'Relative Value' Trap is a trap investors are falling into.

Weekly Report: what happened at DSI last week (0708-0712)?

It's Rotation Time (Or Not) Again

June CPI report shows lower than expected price gains, increasing likelihood of Fed cutting interest rates in September. Lower inflation can benefit small-cap stocks by helping them maintain profit margins during economic slowdown. Uncertainty remains about durability of rotation from large cap growth stocks and reasons behind recent sell-off.

Weekly Report: what happened at DSI last week (0701-0705)?