
Market Moves


Global Equities Rebound Propels NZ Super to 11.87% Return
The pension fund’s asset value increased by NZ$9.7 billion to NZ$65.4 billion during the fiscal year that ended June 30.

US Corporate Funding Ratios Decline Slightly in August

Will Apple’s Rotten Showing Continue? Watch the New iPhone Release
The company’s key product, the latest version of which will be unveiled Tuesday, has boosted the stock in the past.

Why September, Usually the Lousiest Month, May Portend a Good Finish for 2023
When double-digit market growth precedes the 9th month, good things tend to follow for investors, according to LPL and BofA.

Idaho Endowment Board Reports 10.9% Return for Fiscal 2023
The state’s Land Board will distribute a record $103.2 million to beneficiaries in fiscal 2025.

Virginia Retirement System Returns 6.1% in Fiscal 2023
The commonwealth’s pension fund asset value grew to $105 billion.

At Last, Long-Awaited Inflection Point for IPOs Seems to Be Here
After a lean season, a bevy of excitement-generating deals is in the pipeline, headed by Instacart.

Nvidia Stock Is on Fire, But How Long Will That Last?

Stock Market Slumps Amid S&P’s Bank Downgrades
Ratings drops affect Comerica and KeyCorp, following Moody’s negative actions on lenders two weeks ago.

Hard-Charging Tech Stocks May Slow for the Rest of 2023, Ned Davis Says
Technology leaders are off since mid-July, amid new investor wariness and concerns over their high valuations, the research firm contends.

UN Pension Fund Loses More Than $13B in 2022
However, the Joint Staff Pension Fund’s asset value had recouped more than half of those losses by July 20.

Projections of an Earnings Upsurge Are Too Rosy, BlackRock Warns
Big tech mega caps skew the profits picture, and stripping them out makes the outlook flat.

What Will Fed’s Reaction Be to Sharp Inflation Fall?
No additional rate hikes, one more, two more? Strategists ponder what comes next after the CPI news.

Maybe It Will Be a W-Shaped Recession
Perhaps the 2020 downturn was just Part 1, BCA Research warns.