Dow Shines as Higher Rates Squeeze Nasdaq’s Tech Stocks

The Dow doesn’t include companies such as Amazon, which has fallen 44% in 2022. Amazon has been the biggest detractor to the S&P 500 year to date, according to S&P Dow Jones Indices data as of the end of November. S&P Dow Jones Indices runs the Dow and S&P 500, among other indexes.

“If you believe that interest rates are going to stay higher for longer, then this environment where value beats growth is likely to continue,” said Bob Doll, chief investment officer at Crossmark Global Investments. He said his firm is looking to add to its holdings in energy, healthcare and financial stocks.

Still, much more money follows the S&P 500. U.S. mutual funds and exchange-traded funds tracking the S&P 500 received $71 billion of net inflows through October, Morningstar data show. Many of Mr. Sohn’s clients have asked about the Dow recently, he said. He believes the Dow could continue to outperform at least through next year., which corresponds with the blue-chip index’s performance.ETF tracking the equal-weighted S&P 500

We're already part way through the rotation out of these high multiple momentun stocks into the value led sector. The DJIA has been a laggard compared to the Nasdaq but for the next couple of years will surely shine whilst inflation and higher interestrates persist.

S&p up only down 10% y/y heading into recession S&p is on the moon Evaluations are sky high We are well above 20% up from pre pandemic s&p level Earnings is well worse than Jan 2020 Long long way down before we see real price discovery

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In a market in tumult, it's the boring old value stocks that are beating the risky growth stocks. This just goes to show that sometimes the tried-and-true strategies can be the most effective in uncertain times.

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