BUZZ NextGen AI US Sentiment Leaders Index Reliably Beats S&P 500, but There are Hidden Threats
April 25, 2024
During the month of March, the BUZZ NextGen AI US Sentiment Leaders Index™ achieved a return of 5.39%, surpassing the S&P 500 Index's return of 3.22% over the same period. As of the end of March, the BUZZ Index has outperformed the S&P 500 YTD, with returns of 14.88% and 10.56% respectively. Notably, Coinbase Global (COIN) demonstrated significant gains within the BUZZ Index, while technology-related stocks played a role in detracting from the overall performance of the index.
BUZZ uses AI to monitor 15 million online posts a month to measure which stocks have the most positive investor sentiment. Then, it ranks the top 75 stocks each month to feature in the BUZZ NextGen AI US Sentiment Leaders Index. Leading-edge science and game-changing insights are why savvy investors have their eyes on BUZZ.
There is one obstacle to unlimited trust in BUZZ — namely, the U.S. economy’s performance. Right after publication of a disappointing inflation report, investors faced another hard hit. The Bureau of Economic Analysis's estimated the Q1 U.S. GDP growth at an annualized pace of just 1.6% during the period, against consensus expectation of +2.5% during the period. The reading came in significantly lower than fourth quarter GDP, which was revised up to 3.4%.
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