Appetite for risk returns as investors shift to market fundamentals

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Global equities kicked off the week on a positive note led by Wall Street, where the Dow Jones Industrial Average rallied 1.31% and the S&P 500 rose 0.88%. The financial sector was the biggest winner ahead of the earnings announcements, while the utilities and telecom sectors saw their stocks decline as investors rotated from the defensive sectors to cyclicals. Such behavior reflects a market mood that is turning more aggressive towards risk-taking, as investors shift back to fundamentals and put trade war fears behind them.

According to FactSet, S&P 500 company earnings are… Read More

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