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Instead of riding a Santa rally, US stocks have been stuck in a slump. However, stock inflows in the last month and a half have been exceptionally strong. Here are the four sectors that investors are moving their money to now. Christmas has come and gone, but the so-called " Santa Claus rally " that US stocks enjoyed in past years is nowhere to be found . The S&P 500 is down in December and is over 2% away from its all-time high set earlier in the month — a modest, but meaningful, dip. Other major indexes are struggling even more, as the growth-oriented Nasdaq Composite is 2.5% from its peak and the Dow Jones Industrial Average and small-cap-focused Russell 2000 are 4.6% and 8% away from recent highs, respectively. Those pullbacks come after a furious postelection rally fueled by optimism about forthcoming policies under President-elect Donald Trump. Stocks caught fire in the wake of that news but have since stagnated and given back some of those gains, as is often the case after big moves. But investors don't seem to be discouraged by those declines. Instead, they've reflexively been buying stocks in droves during this slump, seemingly confident that they'll be rewarded soon. US stock inflows were positive for seven straight weeks through December 20, Bank of America strategists led by Jill Carey Hall wrote in a late December note. Net equity inflows in that span reached $10 billion, which is the second-biggest figure since 2008, according to BofA. The only other time since the financial crisis inflows were bigger was in January 2017, which also happens to be in the wake of the last time Trump won the election. Investors are buying the dip in 4 sectors Investors have prioritized single stocks over exchange-traded funds (ETFs) and large caps over smaller firms lately, BofA found. Money also flowed into six of the 11 market sectors, though four saw outsize attention: technology, communication services, industrials, and consumer staples. It's no shock that those first two growth-heavy groups are popular, as they've easily been the best-performing sectors in 2024. What's more surprising is that industrials and staples saw their biggest inflows last week since February 2022 and April 2024, respectively. Both sectors have had middle-of-the-pack showings this year, and industrials have had the largest average weekly outflows of any sector in the last 12 months. Staples has been slightly better in that span, but it also has negative weekly flows. Conversely, the healthcare and consumer discretionary sectors had the biggest outflows last week. Mixed signals abound within Bank of America's latest sector flow data. It's not as if investors are positioning for an economic boom or bust, since the industrials-staples and healthcare-discretionary pairings are both combinations of cyclical and defensive sectors, while tech and communication services tend to grow in any backdrop. Even still, it's worth tracking where investors are placing their bets — and it's also helpful to note which sectors are most recommended by leading investment firms heading into 2025.
CARSON, Calif. — Joseph Paintsil and Dejan Joveljic scored in the first half, and the LA Galaxy won their record sixth MLS Cup championship with a 2-1 victory over the New York Red Bulls on Saturday. After striking twice in the first 13 minutes of the final with goals from their star forwards, the Galaxy nursed their lead through a scoreless second half to raise their league's biggest trophy for the first time since 2014. MLS' most successful franchise struggled through most of the ensuing decade, even finishing 26th in the 29-team league last year. But the Galaxy turned everything around this season with a high-scoring new lineup that finished second in the Western Conference and then streaked through the playoffs with a whopping 18 goals in five games to win another crown. Sean Nealis scored for the seventh-seeded Red Bulls, whose improbable charge through the playoffs ended one win shy of its first Cup championship. With the league's youngest roster, New York fell just short of becoming the lowest-seeded team to win MLS' playoff tournament under first-year German coach Sandro Schwarz. Galaxy goalkeeper John McCarthy made four saves to win his second MLS title in three seasons. He was the MVP of the 2022 MLS Cup Final for the Galaxy's crosstown rival, Los Angeles FC. The Galaxy won this title without perhaps their most important player. Riqui Puig, the playmaking midfielder from Barcelona who ran their offense impressively all season long, tore a ligament in his knee last week in the Western Conference final. Puig watched the game in a suit, but his teammates hadn't forgotten him: After his replacement, Gastón Brugman, set up LA's opening goal with a superb pass, Paintsil held up Puig's jersey to their fans during the celebration. Paintsil put the Galaxy ahead in the ninth minute when he ran onto that sublime pass from Brugman and pounded home his 14th MLS goal — including four in the playoffs — in the Ghanaian forward's outstanding first season. Just four minutes later, Joveljic sprinted past four New York defenders and chipped home the 21st goal of his outstanding year as the Galaxy's striker. Nealis got New York on the scoreboard in the 28th minute when he volleyed home a ball that got loose in LA's penalty area after a corner. The Galaxy's usually shaky defense gave up another handful of good chances before reaching halftime with a tenuous lead. The second half was lively, but scoreless. Red Bulls captain Emil Forsberg hit the outside of the post in the 72nd minute, while Gabriel Pec and Galaxy substitute Marco Reus nearly converted chances a few moments later. The ball got loose again in the Galaxy's penalty area in the third minute of extra time, but two Red Bulls couldn't finish. The Galaxy bench rushed onto the field and prematurely celebrated a victory in the seventh minute of injury time, only to be herded back off for another 30 seconds of play. The Galaxy finished 17-0-3 this season at their frequently renamed suburban stadium, where the sellout crowd of 26,812 for the final included several robust cheering sections of traveling Red Bulls supporters hoping to see their New Jersey-based club's breakthrough on MLS' biggest stage. The Galaxy's Greg Vanney became the fourth coach to win an MLS title with two clubs. The former Galaxy player also won it all with Toronto in 2017. The club famous for employing global stars from David Beckham and Zlatan Ibrahimovic to Robbie Keane and Javier "Chicharito" Hernández rebuilt itself this season with lesser-known young talents from around the world. The Galaxy signed Pec from Brazil and the Ghanaian Paintsil out of Belgium, and the duo combined with incumbent Serbian striker Joveljic to form a potent attack that could outscore almost any MLS opponent. But the Galaxy also relied heavily on Puig, their Catalan catalyst and one of MLS' best players. Puig stayed in last week's game after injuring his knee, and he even delivered the decisive pass to Joveljic for the game's only goal. Get local news delivered to your inbox!SINGAPORE: Pacing up and down near the Singapore Sports Hub's Water Sports Centre, with brows furrowed and sweat trickling down their faces, they checked their phones every 10 seconds. Then, amid the charged atmosphere of nervousness mixed with excitement, a shout: “One minute and one second ... second place!” The team, dressed in bright turquoise T-shirts emblazoned with the words "Different Dragons", erupted into cheers and hugs as they celebrated their silver medal at the Singapore Regatta Waterfest in November. At this annual dragon boat race, hundreds of competitors - from educational institutions, business organisations and other entities - vie to be the quickest over a 200m distance in the Kallang Basin. For Different Dragons, a second-place finish in the adaptive open category was especially sweet - and perhaps more so for nine members who are paddlers with disabilities of both physical and intellectual nature. “I find it difficult to paddle because of a back problem I’ve had, and it’s also difficult to paddle at the same speed as everyone,” said Jarran Ng, who has Williams syndrome. The genetic condition affects physical features, cognitive development and other parts of the body like the heart. “(But) the team never made me feel like I couldn’t do it and I felt like I belonged." SERIOUS ABOUT HAVING A GOOD TIME At the Singapore Regatta Waterfest, one of the biggest dragon boat contests in the country, teams were heard chanting "in it to win it". Different Dragons, which was founded in 2019, has other goals in mind. “We’re a very chill team, having fun is one of the most important aspects for us,” said Rayson Oon, a volunteer coach since the team started out. This approach should not be mistaken for a lack of focus and determination. They had trained for the November race all year, aiming to prove their abilities matter more than their disabilities - which they ultimately did. Naturally, it hasn't been all smooth sailing. The past few years have been a constant exercise in trial-and-error, patience and positivity, as volunteers sought to find the right ways to teach the sport, even in basics such as holding a paddle. When Tan Cher Hui first signed up with Different Dragons as a volunteer, she struggled to support her twin brother with autism, who had also joined the team as a competitor. Race rules dictate that each paddler with a disability can be accompanied by one able-bodied caregiver or volunteer inside the boat. For instance, her brother couldn't cope with changes to the training schedule caused by rain, and would often have meltdowns. "Because to him, dragon boating happens every Sunday,” said Tan, 26, who added that this was a huge challenge during the COVID-19 pandemic when such activities came to a halt. “It took a toll on him and I didn’t know if it was worth carrying on." But the encouragement and perseverance of other volunteers that pushed her to stay on, and the siblings have now reaped the rewards. “I learnt how to interact and engage with people of all different disabilities, and even picked up sign language," she said. "And it was heartwarming to see the other members be welcoming and inclusive with my brother." ANOTHER FAMILY For members of Different Dragons, being part of a team - and one that empathises with each other - was something especially precious. Jimmy Chan, a deaf paddler, told CNA how his condition made it tough in work settings and that he often felt isolated during conversations. "I wanted a space where I would not feel judged or different, and the team offered that," he said. The 53-year-old relies on vibrations from the dragon boat drum beat, along with the strokes of the first paddler seated in front, to sync with the rest of the team. “We share resilience, teamwork and a drive to break barriers. Each step feels like a victory, and our strong bonds make every challenge worthwhile, keeping us going,” Chan said. Outside of training, the team makes a conscious effort to do activities together, from meals to hikes and an annual Christmas party. “There are days when the paddlers aren’t feeling their best, but they look forward to seeing each other and that motivates them to come for trainings,” said Hamza Lu, another volunteer coach. “We may not be as competitive as other teams, but we have more of a family bond. When I miss sessions, they’ll be spamming my phone and asking me when they’ll see me next.” Take Teng Der Shuin, a paddler with an intellectual disability, who every Saturday makes sure to remind his mother Teo Leng Leng that he needs to wear his "dragon boat clothes" the next day. "(He) isn’t very active when he’s at home. It was a very big problem that I was worried about. So I’m happy that this is an activity that he enjoys,” said Teo, 57. “This gave him an opportunity to make new friends and be exposed to the world outside." Outside of training, the team makes a conscious effort to do activities together, from meals to hikes and an annual Christmas party. “There are days when the paddlers aren’t feeling their best, but they look forward to seeing each other and that motivates them to come for trainings,” said Hamza Lu, another volunteer coach. “We may not be as competitive as other teams, but we have more of a family bond. When I miss sessions, they’ll be spamming my phone and asking me when they’ll see me next.” Take Teng Der Shuin, a paddler with an intellectual disability, who every Saturday makes sure to remind his mother Teo Leng Leng that he needs to wear his "dragon boat clothes" the next day. "(He) isn’t very active when he’s at home. It was a very big problem that I was worried about. So I’m happy that this is an activity that he enjoys,” said Teo, 57. “This gave him an opportunity to make new friends and be exposed to the world outside." MOVING DISABILITY SPORTS FORWARD Having an adaptive category in a prestigious dragon boat event like the Regatta Waterfest gives people with disabilities access to the right resources and a level playing field, said Ms Kelly Fan, executive director of the Singapore Disability Sports Council. “Inclusive sports focus on creating platforms where persons with and without disabilities can play together. "The primary goal is to foster firsthand understanding and appreciation of the challenges that individuals with disabilities overcome to participate in sports, while also providing opportunities for meaningful social interaction,” she added. Singapore is set to launch an Enabling Sports Fund next year, which aims to "encourage impactful community-initiated disability sports initiatives.” The government will match dollar for dollar donations made to this fund, which hopes to raise at least S$10 million (US$7.4 million) by 2030. It's part of Singapore's Enabling Masterplan 2030 , a national roadmap for people with disabilities to live and participate more actively in the community. Progress has been made but more needs to be done to continue promoting inclusivity, said Ms Fan, pointing to costs and accessibility as remaining barriers. “It is not just about ramps or lifts within a venue," she said. "It extends to the awareness that sport opportunities exist for persons with disabilities; the affordability of sport involvement on top of enhanced costs of living of a (person with disability); the proximity and accessibility of an accessible venue; and the readiness of a venue to cater to disability sports.” Members of Different Dragons, meanwhile, are happy to continue playing their part in not just raising awareness, but sending out a more profound message - that paddlers with disabilities can be capable of anything, said Lu, the volunteer coach. “The perception many have is that members with disabilities can’t paddle as well as able-bodied individuals, but that’s not true,” said Oon, the other coach. Paddler Lee Wei Kiong, who has an intellectual disability, told CNA how the team has inspired him to work hard and keep practising. “I never thought we could beat other teams, but our process is getting better,” he said, while standing next to a trolley filled with bottled drinks he lugged from home to give out to his teammates. “When I was younger, people used to say that I have a low IQ (intelligent quotient) and I wouldn’t be able to do anything. But I learnt that whatever others can do, I can do too." "Normal people can dragon boat, so can I.”Joe Biden Makes Unexpected 'Secret Service' Admission During Celtics’ White House Visit
STUART, Fla. , Dec. 24, 2024 /PRNewswire/ -- Health In Tech, an Insurtech platform company backed by third-party AI technology, today announced the closing of its initial public offering of 2,300,000 shares of its Class A common stock at a public offering price of $4.00 per share, for gross proceeds of $9,200,000 , before deducting underwriting discounts, commissions, and estimated offering expenses. The Company has granted the underwriter an option, exercisable within 30 days from the date of the final prospectus, to purchase an additional 345,000 shares of Class A common stock from Health In Tech at the initial public offering price, less underwriting discounts and commissions. Assuming such option is fully exercised, the Company may raise a total of approximately US$10,580,000 in gross proceeds from the Offering Health In Tech intends to use the net proceeds from the offering for system enhancements, expansion of service offerings, sales and distribution channels, talent development and retention, working capital, and other general corporate purposes. American Trust Investment Services, Inc. acted as the sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-281853) relating to the shares was filed with the Securities and Exchange Commission and became effective on December 19, 2024 . This offering was made only by means of a prospectus, forming part of the effective registration statement. A copy of the prospectus relating to the offering can be obtained when available, by contacting American Trust Investment Services, Inc., 230 W. Monroe Street , Suite 300, Chicago, IL 60606, or via E-Mail at ECM@amtruinvest.com. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Health In Tech Health in Tech ("HIT") is an Insurtech platform company backed by third-party AI technology. We offer a dynamic marketplace designed to create customized healthcare plan solutions while streamlining processes through vertical integration, process simplification, and automation. By eliminating friction and complexities, HIT enhances value propositions for employers and optimizes underwriting, sales, and service workflows for Managing General Underwriters (MGUs), insurance carriers, licensed brokers, and Third-Party Administrators (TPAs). Learn more at healthintech.com . Forward-Looking Statements Regarding Health In Tech Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech's possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "design," "target," "aim," "hope," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "project," "potential," "goal," or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech's actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech's control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech's operations, results of operations, growth strategy and liquidity. Investor Contact Investor Relations: ir@healthintech.com View original content to download multimedia: https://www.prnewswire.com/news-releases/health-in-tech-announces-closing-of-initial-public-offering-302338923.html SOURCE Health In TechFormer Union Home Secretary Ajay Kumar Bhalla was on Tuesday appointed the governor of strife-torn Manipur which has been witnessing periodic ethnic clashes between Meiteis and Kuki-Zo groups since May last year. Former army chief Vijay Kumar Singh, who was also a minister in the last two terms of the Modi government, has been named the new Mizoram governor while Kerala Governor Arif Mohammed Khan has been shifted to Bihar, where assembly elections are due next year. Vishwanath Arlekar has been named the new governor of Kerala, according to the gubernatorial appointments to five states announced by the Rashtrapati Bhavan on Tuesday. Bhalla, who has the rare distinction of being the longest-serving Union Home Secretary, completed his five-year tenure in August this year. He is a 1984-batch retired Indian Administrative Service (IAS) officer of the Assam-Meghalaya cadre. President Droupadi Murmu appointed Bhalla the governor of Manipur, a statement issued by the Rashtrapati Bhavan said. Assam Governor Lakshman Prasad Acharya was holding the additional charge of Manipur. General (retd) Vijay Kumar Singh has been appointed Mizoram governor. Singh retired as Army chief in 2012 after a long-drawn battle with the government over his age issue and joined the BJP ahead of the 2014 Lok Sabha election, which he successfully contested from Ghaziabad in Uttar Pradesh. He retained the Ghaziabad seat in 2019. Singh did not contest general elections this year. Kerala Governor Arif Mohammed Khan has been appointed as Bihar governor, the statement said. President Murmu has also accepted the resignation of Odisha Governor Raghubar Das. Mizoram Governor Hari Babu Kambhampati has been appointed as the new Odisha governor in place of Das, the statement said. These appointments will take effect from the dates they will assume charge of their respective offices, it added.
Alex Ovechkin is expected to miss 4 to 6 weeks with a broken left leg
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