NEPC’s Phillip Nelson shares his perspective in this S&P Global article examining the S&P 500’s more than 2% rise in July and what it signals for the ongoing summer market rally. Visit S&P Global’s website to read the full article.
The S&P 500 posted a monthly gain for the third time in a row while setting multiple record highs along the way in July.
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“You have a massive secular theme in AI that seems to be generating outsized earning and sales expectations for a large number of companies in the US, and those themes are driving people to maintain their market exposure,” said Philip Nelson, partner and head of asset allocation for institutional investment consulting firm NEPC, in an interview. “And there’s still quite a bit of liquidity that’s leftover in markets from the years of easy US Federal Reserve policy post-financial crisis and then also following the pandemic, so there’s a lot of money that can quickly get deployed.”
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