To The Moon

Active investors could see more opportunities during a second Trump administration. The second Trump administration could be a boon for stock pickers, according to a team of equity strategists at Barclays.What they found is that performance among the S&P 500's 11 sectors was remarkably uneven during Trump's first year in office. A similar pattern was initially seen in Europe but faded within a few months as U.S. stocks blew past their European peers.A repeat would create more opportunities for active managers to outperform benchmarks like the S&P 500, ushering in the return of a "stock picker's market," according to Venu Krishna, the head of U.S. equity strategy at Barclays.Data from S&P Dow Jones Indices showed 57% of all active large-cap U.S. equity managers tracked by the firm underperformed the S&P 500 during the first half of 2024. That number was actually better than expected and consistent with 60% outperformance from 2023, according to a report from Anu Ganti, S&P DJI's head of