RTX - MOAT's Future Focus: Beyond AI And Short-Term Setbacks

2024-06-12 06:10:00 ET

Summary

• The Morningstar Wide Moat Focus Index ended May, trailing the S&P 500 Index by nearly 9% thus far in 2024.
• The S&P 500 Equal Weighted Index is now trading at levels relative to the market cap-weighted S&P 500 Index that haven’t been seen since the Global Financial Crisis.
• The Moat Index has a long-term history of posting impressive relative returns following periods of underperformance.

We examine the Moat Index's YTD performance, key headwinds - including AI momentum - and how its strongest relative performance has historically followed periods of notable underperformance.

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