CIO Commentary
The S&P 500 Index – which is a market-cap weighted index – is now up about 15% on a year-to-date basis. In contrast, the equally weighted S&P 500 advanced 5% so far this year, which was more in line with our own experience.
It is hard to directly compare today’s market environment exactly with other markets in the past. Mark Twain may have said it best when he quipped that “history never repeats itself, but it does often rhyme.”
To read more, download the full Second Quarter 2024 Investment Perspective.