NEPC’s Head of Asset Allocation, Phill Nelson, was recently quoted in a Business Insider article to provide insights on the S&P 500 correction last week. View the full article on Business Insider site here.
- The S&P 500 has shed 4% since the beginning of the year as Big Tech stocks decline.
- However, previously unloved areas of the market like healthcare are rebounding.
- Gold and European stocks are also rallying.
Tariff volatility, mounting recession fears, and uncertainty around the AI trade have rocked markets this year — pushing the S&P 500 into correction territory last week.
But amid the stock-market sell-off, there are still pockets of outperformance.
“Anything with a more moderate valuation profile to start the year has done well,” Phillip Nelson, head of asset allocation at the investment consulting firm NEPC, said. “Areas less impacted by the headlines associated with tariffs seem to have weathered some of the uncertainty of the last several months.”