NEPC’s Jennifer Appel was recently quoted in the Investor’s Business Daily to discuss insights from our Q3 quarterly market webinar, as well as outlook around a potential recession. View the article in it’s entirety on Investor’s Business Daily’s site here.
Watch out Magnificent Seven. There’s a new set of eight S&P 500 stocks taking off in the ongoing eight-day rally.
Eight S&P 500 stocks, including consumer discretionary Expedia Group (EXPE), industrial Generac Holdings (GNRC) and tech play Gartner (IT), rallied 20% or more in the market’s eight-trading-day winning streak kicked off on Oct. 27, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. This solid 6.3% rally pushed the S&P 500 itself back up an impressive 14% for the year.
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Almost as soon as the calendar flipped into November, investors turned more hopeful for next year. “Despite rising interest rates, a recession in the U.S. for 2024 seems unlikely,” said Jennifer Appel, senior investment director at NEPC