US stocks have cruised to record highs this year, overcoming recent turbulence triggered by fears of runaway US inflation and a preemptive Fed policy pivot. Behind the scenes, however, these shifting macro conditions have fueled a dramatic reshuffling in market leadership.
The Russell 1000 and Russell 2000 are up 14.9% and 17.4%, respectively, this year. Both are well ahead of the 12.6% advance for the FTSE All-World ex USA index.
You can now read the full blog post at the link below
The past five years in US markets have been nothing if not eventful. They’ve featured every macro regime of the economic cycle, where markets weathered a global pandemic, quantitative tightening and easing, inflation, and both low and rising rate environments.
Just 50 years ago, Taiwan was a labour-intensive manufacturing hub for cheap exports such as textiles and toys. In the 1980s, it successfully transformed into a vibrant advanced electronics manufacturing hub that continues to play an important role in the global technology shift of the past decade. Crucially, Taiwan has developed into one of the world’s most critical semiconductor manufacturing centres, and the semiconductor industry has become an inseparable component of Taiwan’s economic growth.
In 1984, FTSE Russell (at the time Russell Indexes) introduced the Russell 3000® Index, the first of its kind to provide institutional investors with a comprehensive, accurate and objective representation of the world’s largest and most liquid (US) equity market.
Copyright © 1997–2022 IPE International Publishers Limited, Registered in England, Reg No. 3233596, VAT No. 685 1784 92. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP
