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Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, observes that the market is already up 9 percent this year and has reached 19 new highs.
Despite these gains, only 25 percent of active large cap funds are outperforming the index. Balchunas highlights that 41 percent of stocks are beating the SPX, the highest rate in five years, presenting potential opportunities, but notes that the SPX is dominated by momentum.
Balchunas previously highlighted when DRAM posted $1.1 billion in ETF flows, ranking third among ETFs for the day, alongside VOO and SPY’s gains (DRAM ETF flows). In a separate discussion, Balchunas described how financial podcasts can encourage industry professionals to present a more conversational and human side (financial podcasts). Both observations focus on market trends and how professionals communicate them.