The Morningstar US Market Index experienced its worst annual loss since 2008, ending the year down 19.4%. This marks a significant downturn in the market and serves as a stark reminder of the importance of being aware of economic conditions when investing.
The Morningstar US Cyclical Super Sector Index measures the performance of stocks from the cyclical sectors, which are basic materials, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, technology, and utilities. This index has seen a sharp decline in its value since the start of the year, a sign of the volatility in the markets.
Hi, I'm David Harrell with Morningstar Investment Management, and I'm here again with Dave Sekera, who is Morningstar's chief U.S. market strategist. Dave, what is the outlook for the US stock market in the near term?