Source Post

Killik & Co's Weekly Market Update: 17th Apr

Apr 17, 2026

The S&P 500 hit a new record high, driven by energy and technology stocks, despite many individual constituents being down significantly. The IMF forecasts suggest the US economy will be less impacted by the war in Iran than other G7 nations, though inflation is expected to remain above target. Big US banks like JP Morgan and Goldman Sachs have shown strong performance, outperforming the S&P 500. There's also buzz around the potential SpaceX IPO, which could be the largest ever, with UK investors showing interest in investment trusts holding SpaceX private shares, such as those managed by Baillie Gifford.

Linked Mentions

Tickers discussed in this post

NEMNeutralLow ConvictionResearch Only

Newmont is noted as a mining company that will be releasing earnings results in the upcoming week.

RIONeutralLow ConvictionResearch Only

Rio Tinto is highlighted as a mining company with earnings results anticipated next week.

BHPNeutralLow ConvictionResearch Only

BHP is mentioned as a company expected to release earnings next week, indicating an upcoming event rather than a specific investment thesis.

GSNeutralMedium ConvictionSignal-backedSecondary

Goldman Sachs' share price has outperformed the S&P 500, similar to JP Morgan.

JPMNeutralMedium ConvictionSignal-backedSecondary

JP Morgan has reported strong trading revenues and its share price has outperformed the S&P 500.

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