Equity markets are on track for a strong finish to the year, powered by mega-cap growth stocks — the equity MVPs of 2023.
The first six months of 2023 were full of surprises for investors, not the least of which was a Nasdaq surge of 32% — its best first half since 1983. The S&P 500 Index gained nearly 16% for the first half, powered by mega-cap stocks.
To say Russia’s invasion of Ukraine has changed the outlook for financial markets is a vast understatement.
