FREDERICA ABAN/iStock via Getty Images Gregory Wachsmann, CFA Equity Analyst and Portfolio Manager James Dorment, CFA Portfolio Manager and Co-Head of Fundamental Research Rajen Jadav, CFA Senior Vice President, Portfolio Manager Sean Banai, CFA Head of Multi-Sector Fixed Income Strategy overview A 55/45 multi-asset strategy providing exposure to the investment expertise of the Voya Investment Man...
FREDERICA ABAN/iStock via Getty Images Gregory Wachsmann, CFA Equity Analyst and Portfolio Manager James Dorment, CFA Portfolio Manager and Co-Head of Fundamental Research Rajen Jadav, CFA Senior Vice President, Portfolio Manager Sean Banai, CFA Head of Multi-Sector Fixed Income Strategy overview A 55/45 multi-asset strategy providing exposure to the investment expertise of the Voya Investment Management equity and fixed income teams in a single strategy. Key takeaways Equity markets declined in 1Q26 as easing inflation momentum gave way to heightened geopolitical risk and policy uncertainty. Growth-oriented segments led the pullback, while value proved more resilient. Market participation narrowed, with sector performance becoming more mixed and energy emerging as a standout amid global supply concerns. For the quarter ended March 31, 2026, the SMA underperformed the Index on both a gross- and net-of-fees basis due to unfavorable stock selection. Stock selection in information technology, health care, and communication services sectors detracted the most from performance. Conversely, selection in consumer discretionary contributed to performance. Equity markets are navigating a more complex macro environment, influenced by geopolitical risk, policy uncertainty, and evolving growth dynamics. Leadership is rotating toward more defensive and quality-oriented areas, reinforcing the importance of selective positioning and active risk management in a more volatile environment. Market review Heightened geopolitical risks and changing economic expectations pushed U.S. equity markets lower during the first quarter of 2026. Broad weakness in large-cap technology and software stocks, linked to concerns around artificial intelligence disruption, weighed on performance. The S&P 500 declined by –4.33% on a total return basis, while the Nasdaq Composite fell by –7.11% on a price return basis. Investors shifted market leadership toward more defensive and value-focused areas, allow...
Iuliia Pilipeichenko/iStock via Getty Images Technology stocks have long been the most volatile sector of the stock market. While the monthly historical volatility of the SPDR® S&P 500 ETF Trust ( SPY ) that tracks the S&P 500 Index ( SP500 ), the most diversified U.S. stock market index, is 10.33%, the metric for the Invesco QQQ Trust ETF ( QQQ ) that tracks the technology-heavy NASDAQ is 13.56%....
Iuliia Pilipeichenko/iStock via Getty Images Technology stocks have long been the most volatile sector of the stock market. While the monthly historical volatility of the SPDR® S&P 500 ETF Trust ( SPY ) that tracks the S&P 500 Index ( SP500 ), the most diversified U.S. stock market index, is 10.33%, the metric for the Invesco QQQ Trust ETF ( QQQ ) that tracks the technology-heavy NASDAQ is 13.56%. The DIA ETF, which tracks the Dow Jones Industrial Average, is 9.31%. Only the iShares Russell 2000 ETF ( IWM ), which tracks the small-cap Russell 2000, has a volatility measure slightly above that of the QQQ, at 13.58%. The bottom line is that tech stocks are volatile and have dropped since the NASDAQ reached a record high in October 2025, and they have corrected. Buying technology stocks on corrections has been optimal in the past. The Direxion Daily Technology Bull 3X ETF ( TECL ) magnifies the price action of technology stocks on the upside, but timing is critical when approaching this market sector with a leveraged ETF. Technology Stocks Have Corrected: The NASDAQ Fell 7.10% in Q1 2026 The technology-heavy NASDAQ composite index ( COMP:IND ) reached a record high of 24,019.99 in Q4 2025, with the QQQ ETF rising to its all-time high of 637.01 during the same period. Quarterly Chart of the NASDAQ Composite Index (Barchart) The quarterly chart shows that the technology index fell 7.11% in Q1 2026, posting a more significant decline than the other leading stock market indices. The S&P 500, the most diversified U.S. stock market index, fell 4.63% in Q1 2026; the DJIA average was 3.58% lower; and the IWM ETF, which tracks the small-cap Russell 2000 index, was 0.75% higher over the period. The NASDAQ Composite saw the most selling in Q1 2026, which was no surprise, given its performance in 2024 and 2025. Explosive Gains in 2024 and 2025: A Similar Pattern as in Q1 2025 The high-flying technology index led all indices higher with a 20.36% gain in 2025 and a 28.64% gain in 20...
Et Tu, Indonesia! As the squeeze continues on China's energy supply (and Xi has started to lash out here and here ), we suspect the next words out of the Chinese leader's mouth (if he spoke Latin) will be "...et tu, Indonesia!" As Stephen Green writes at PJMedia, it might have seemed like one of those dry, bureaucratic, almost meaningless announcements on Monday, when War Secretary Pete Hegseth po...
Et Tu, Indonesia! As the squeeze continues on China's energy supply (and Xi has started to lash out here and here ), we suspect the next words out of the Chinese leader's mouth (if he spoke Latin) will be "...et tu, Indonesia!" As Stephen Green writes at PJMedia, it might have seemed like one of those dry, bureaucratic, almost meaningless announcements on Monday, when War Secretary Pete Hegseth posted on X that the U.S. and Indonesia "are elevating our relationship to a Major Defense Cooperation Partnership ." This arrangement “will explore mutually agreed cutting-edge initiatives, including co-developing sophisticated asymmetric capabilities pioneering next-generation defense technologies in the maritime, subsurface, and autonomous systems domains, and cooperating on maintenance, repair, and overhaul support to improve operational readiness.” In parallel, it was reported that “ US, Indonesia discuss allowing US military overflight in Indonesian airspace ” , which refers to a “preliminary draft that is being discussed internally” right now, but the writing is on the wall that the US aims to leverage their MDCP to this end. But a Major Defense Cooperation Partnership is kind of a big deal - and it's aimed directly at China's oil imports . China's difficulties begin in the Strait of Hormuz, but they peak at Malacca. Nearly two-thirds of China’s imports - largely the raw materials that keep its export machine humming - and a whopping 80% of its energy imports pass through Indonesia’s Strait of Malacca . As Andrew Korybko notes , the grand strategic goal being pursued is Under Secretary of War Elbridge Colby’s “ Strategy of Denial ”. The gist is that the US must do its utmost to prevent Chinese hegemony in Asia , in furtherance of which it’s indirectly controlling or cutting off Chinese resource imports ( Venezuela and Iran ) and seeking control over global chokepoints (Hormuz, Malacca, and the Panama Canal), with everything accelerating ahead of Trump’s trip to China f...
May WTI crude oil (CLK26 ) today is down -5.69 (-5.74%), and May RBOB gasoline (RBK26 ) is down -0.0822 (-2.64%). Crude oil and gasoline prices are sharply lower today in hopes that the US and Iran will extend peace negotiations. Crude prices extended their losses today after the US...
May WTI crude oil (CLK26 ) today is down -5.69 (-5.74%), and May RBOB gasoline (RBK26 ) is down -0.0822 (-2.64%). Crude oil and gasoline prices are sharply lower today in hopes that the US and Iran will extend peace negotiations. Crude prices extended their losses today after the US...
Mascherano coached one full season with Messi in Miami Inter Miami have been off to a slow start in 2026 Javier Mascherano has stunningly stepped down as Inter Miami’s manager, just months after leading the team to their first MLS title. In the club’s announcement of the move, Mascherano said he was leaving for “personal reasons,” though later on the announcement specifies that his coaching staff ...
Mascherano coached one full season with Messi in Miami Inter Miami have been off to a slow start in 2026 Javier Mascherano has stunningly stepped down as Inter Miami’s manager, just months after leading the team to their first MLS title. In the club’s announcement of the move, Mascherano said he was leaving for “personal reasons,” though later on the announcement specifies that his coaching staff will also depart the club. Continue reading...
The family of Marie-Thérèse, from Brittany, fear for her health after she was cuffed and placed in a detention centre An 86-year-old French woman who moved to the US to marry her 1950s sweetheart is being held in a crowded detention centre in Louisiana after she was arrested by immigration agents and cuffed by her hands and feet. The family of the woman, named only as Marie-Thérèse, said they fear...
The family of Marie-Thérèse, from Brittany, fear for her health after she was cuffed and placed in a detention centre An 86-year-old French woman who moved to the US to marry her 1950s sweetheart is being held in a crowded detention centre in Louisiana after she was arrested by immigration agents and cuffed by her hands and feet. The family of the woman, named only as Marie-Thérèse, said they feared for her health as French consular officials attempted to secure her release. One of her sons told the Ouest-France newspaper that Immigration and Customs Enforcement (ICE) had treated his mother like a hardened criminal. Continue reading...
JHVEPhoto Despite concerns about artificial intelligence and its impact on the enterprise software market, Macquarie said it likes Autodesk ( ADSK ), Datadog ( DDOG ), and Zscaler ( ZS ) going into earnings season. “We recommend investors buy ADSK based on several potential catalysts, including increasing penetration in the greenfield construction market, differentiated AI innovations, improved ef...
JHVEPhoto Despite concerns about artificial intelligence and its impact on the enterprise software market, Macquarie said it likes Autodesk ( ADSK ), Datadog ( DDOG ), and Zscaler ( ZS ) going into earnings season. “We recommend investors buy ADSK based on several potential catalysts, including increasing penetration in the greenfield construction market, differentiated AI innovations, improved efficiencies, and cross-selling opportunities from the new transaction model,” analysts at the firm wrote in a note to clients. “Key risks include macroeconomic uncertainty that could impact demand.” The firm, which rates Autodesk shares as Outperform, has a $310 price target on the stock. Aside from the upcoming quarterly results, which are set to be released in late May, other bullish catalysts include building the marketplace ecosystem, developing next-gen tools, and “applying AI to drive convergence across design and make processes,” the analysts added. For Datadog, it's a similar story, as the analysts believe it offers “positive market dynamics, share-gain prospects, a stable revenue model, integral AI positioning, multi-product adoption, and strong free cash flow generation.” The analysts have an Outperform rating and a $200 price target on Datadog. Upcoming catalysts include its first-quarter results in early May and the company's DASH conference in June. Zscaler offers product differentiation, competitive positioning, and execution capabilities. Upcoming catalysts include the company's third-quarter results in late May, as well as its Zenith Live user conference scheduled for June 8–10. “ZS appears well positioned for a beat and raise in line with historical norms, aided in part by recent acquisitions,” the analysts wrote. More on Autodesk, Datadog, and Zscaler Zscaler: Short-Term Noise, Long-Term Opportunity Zscaler: A Generational Opportunity To 'Buy' AI Tailwinds At A Discount Zscaler: Time To Upgrade Amidst Pessimistic Software Sentiment CrowdStrike among favorit...
(RTTNews) - Genmab A/S (GMAB) on Tuesday reported global net trade sales of $3.964 billion for DARZALEX (daratumumab) in the first quarter of 2026, according to company announcements.
(RTTNews) - Genmab A/S (GMAB) on Tuesday reported global net trade sales of $3.964 billion for DARZALEX (daratumumab) in the first quarter of 2026, according to company announcements.
(RTTNews) - European stocks closed on a positive note on Tuesday amid hopes the United States and Iran will try and resolve their conflict during a fresh round of negotiations likely to take place later in the week.
(RTTNews) - European stocks closed on a positive note on Tuesday amid hopes the United States and Iran will try and resolve their conflict during a fresh round of negotiations likely to take place later in the week.
Spend enough time evaluating artificial intelligence (AI) and individual AI stocks , and an investor is likely to hear the word "bottleneck." It's basically corporate lingo referring to something hyperscalers and other AI companies need that's in short supply. Computing power and available data center space are prime examples. More recently, the AI bottleneck conversation shifted to memory, with p...
Spend enough time evaluating artificial intelligence (AI) and individual AI stocks , and an investor is likely to hear the word "bottleneck." It's basically corporate lingo referring to something hyperscalers and other AI companies need that's in short supply. Computing power and available data center space are prime examples. More recently, the AI bottleneck conversation shifted to memory, with profound implications for select semiconductor stocks , but not the ones many investors are thinking of. Put simply, AI computing power has advanced so rapidly that there are now major constraints on data storage and transmission. The aptly tickered Roundhill Memory ETF (NYSEMKT: DRAM) attempts to capitalize on the memory bottleneck theme. Let's take a closer look at it. Continue reading
Results of six-week trial prompt concerns over government proposals as children reject healthier meals A pilot to test England’s new school food standards triggered a 15% decline in uptake of meals, with children rejecting healthier options in favour of a packed lunch, a caterer has revealed. The results of the six-week trial, which took place at a Brighton primary school, have prompted concerns t...
Results of six-week trial prompt concerns over government proposals as children reject healthier meals A pilot to test England’s new school food standards triggered a 15% decline in uptake of meals, with children rejecting healthier options in favour of a packed lunch, a caterer has revealed. The results of the six-week trial, which took place at a Brighton primary school, have prompted concerns that the government’s proposals, though well-intentioned, could end up having a negative impact on children’s health. Continue reading...
Sotheby’s is seizing a window of opportunity to refinance debt due next year, before any disruptions from the US-Iran negotiations can derail capital-raising efforts. The luxury auction house, which is owned by Franco-Israeli billionaire Patrick Drahi and Abu Dhabi-based ADQ, is looking to issue an $825 million senior secured, fixed-rate bond, according to a bond offering memorandum seen by Bloomb...
Sotheby’s is seizing a window of opportunity to refinance debt due next year, before any disruptions from the US-Iran negotiations can derail capital-raising efforts. The luxury auction house, which is owned by Franco-Israeli billionaire Patrick Drahi and Abu Dhabi-based ADQ, is looking to issue an $825 million senior secured, fixed-rate bond, according to a bond offering memorandum seen by Bloomberg. The proceeds from the five-year note sale will refinance a $765 million chunk of senior secured debt due in October 2027, and will also go toward general corporate purposes. The new notes will not be callable for two years. Sotheby’s is tapping the market months after first sounding out investors. Late last year, it appointed Goldman Sachs Group Inc. and JPMorgan Chase & Co. to lead potential transactions in the junk-bond and leveraged-loan markets, respectively, Bloomberg reported at the time. After receiving initial investor feedback, the company decided to wait before bringing a deal to market, as it still had time ahead of the upcoming maturities and was expecting to report improved earnings, according to people familiar with the matter. At the time, bond investors had been eying a coupon of about 10.5%, higher than the 10% area the company was aiming for. Meanwhile, loan investors were asking for tighter documentation, in particular around restricted payments baskets as well as the company’s ability to raise more debt, the people familiar added, declining to be identified discussing private details. A spokesperson for Sotheby’s declined to comment. On Tuesday, both Moody’s Ratings and S&P Global Ratings upgraded their outlooks on the auction house, with Moody’s raising to positive from stable, and S&P to stable from negative. Moody’s and S&P also assigned a B3 and B- grade, respectively, to the proposed $825 million of senior notes. Last year, Sotheby’s and its restricted subsidiaries reported pro forma adjusted earnings before interest, taxes, depreciation and am...
Yahoo Finance Senior Producer John Hyland tracks today's top moving stocks and biggest market stories in this Market Minute, including how US stocks (^DJI, ^IXIC, ^GSPC) have erased the losses seen since the start of the Iran war as Oracle (ORCL) expands its strategic partnership with Bloom Energy (BE). Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minu...
Yahoo Finance Senior Producer John Hyland tracks today's top moving stocks and biggest market stories in this Market Minute, including how US stocks (^DJI, ^IXIC, ^GSPC) have erased the losses seen since the start of the Iran war as Oracle (ORCL) expands its strategic partnership with Bloom Energy (BE). Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.