Skip to main content

S&P500 Return Attribution

MacroVantage 07/05/26
This is some text inside of a div block.
This is some text inside of a div block.

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Read more
Posted on
July 15, 2025
Written by
Qi Analytics Team

Strong Fundamentals, Macro Drag 

SPY has now returned +6.5% in the first 6 months of 2025 but note the breakdown - idio actually delivered +10.16%, but macro factors were a 3.66% drag on performance.

Read more by downloading the PDF below

‍

Share on Socials
Author
Qi Analytics Team

Related Articles

MacroSpotlight 06/05/26
May 6, 2026
Qi Macro Risk

Equity Exposures, Sector Trends & Regime Analysis—In Depth

‍

Stop hunting for the magic number in bond yields

‍

‍

MacroSpotlight 27/04/26
April 27, 2026
Qi Macro Risk

Equity Exposures, Sector Trends & Regime Analysis—In Depth

‍

Qi’s Macro Weather Gauge: the Easy Part of the Rally is Over

‍

MacroSpotlight 20/04/26
April 20, 2026
Qi Macro Risk

Equity Exposures, Sector Trends & Regime Analysis—In Depth

‍

The S&P 500 V-shape recovery hides a lot of cosmetic work 

‍

MacroSpotlight 17/04/26
April 17, 2026
Qi Macro Risk

Equity Exposures, Sector Trends & Regime Analysis—In Depth

‍

The 'Broadening' IWM Trade is Running on One Engine

Navigation
Contact
Dawson House
5 Jewry Street,
London EC3N 2EX
Follow us on
Top