S2 E23: What does it mean to investors to have a market driven by so few companies leading up to the 2024 election?

Blue Chip FM

After the strongest May in 20 years, investors are wondering if this could be the calm before a midsummer storm.

With 75% of gains driven by 6 stocks in May, it is clear that the S&P 500 Index is NOT always driven by 500 companies.

Despite the concentration of returns seen in the domestic equity market last month, the S&P 500 Index touched a new all-time high.

Now, the question is should investors have “sold in May and gone away” as historical seasonality would suggest?

In a presidential election year, stocks can be volatile given elevated uncertainty.

As a company, we are surprised we haven't yet seen the volatility that we would have expected leading up to an election cycle. Listen to the full episode to learn more about what we think investors should expect for markets ahead of the presidential election in November.

Join Blue Chip’s Chief Investment Officer, Daniel Dusina CFA®, Senior Advisor Matt Mondoux CFA®, CMT, CFP®, and the firm’s Managing Partner Dan Seder, CFA®, CMT, CFP®, for another episode of Blue Chip NOW! the weekly market analysis podcast from Blue Chip Partners, LLC.

[Episode length: 17:39 minutes]

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