economy
Long-duration equities and renewable energy
The S&P 500 and the Nasdaq posted their best month since 2020 in April, as tech stocks drove gains boosted by the AI trade.
TL;DR
- S&P 500 and Nasdaq had their best month since 2020 in April, driven by tech stocks and the AI trade.
- Joachim Klement suggests opportunities in long-duration equities (utilities, real estate) as bond yields may be too high.
- Klement also favors the software space and hardware companies like Apple over hyperscalers due to rising energy and chip prices.
- Chris Iggo sees Japanese equities as attractive, particularly in technology, industrial, and robotics sectors.
- Renewable energy stocks are recovering due to high electricity demand from AI and Middle East conflict, with increasing share in European electricity generation.