Since the start of the bull market in March 2009, the S&P Small Cap 600 stocks have outperformed the S&P 500 by 32%. However, over the past two weeks small cap stocks have underperformed by about 3%....
As we tend to do on Monday mornings, we like to look back and see who won and who lost before looking forward toward the remainder of the week (and no we won’t be discussing our disappointing Denver Broncos)....
Major stock indices last week suffered their worse week since mid-2012. Let’s take a look at who won the week and who lost it. As always, aggregate data is on an equal-weighted basis....
As we frequently like do here, it’s useful to look back at last week’s major winners and losers from a sector view all the way down to individual stocks. Below are the best and the worst of the MSCI World Index from last week....
The weak start to the year for the domestic stock market has been getting all the press, but the truth is that returns have been lackluster pretty much everywhere. Below we show the equally weighted performance by country for all developed markets and note that...
Let’s take a quick tour of who had the best and worst performance in the light trading week last week. We will start bottom-up and work our way up to the aggregates (and as usual all aggregate data is equal-weighted)....
Last week, the two factors with the highest R-squared to the market were correlation with the Yen and beta. Interestingly, there has been a very clear relationship when looking at stocks with high or low correlation with the Yen over the past year....
Over the past quarter, the Yen was weakened by about 5% while the MSCI World is up about 5.5%. This relationship continued last week as the factor with the highest r-squared to MSCI World stock performance was yen correlation. The factor with the lowest r-squared...
The yen was the most significant factor driving global stock prices last week while countries in Europe topped the list for performance on an equal weighted basis. Health Care was the sector standout as the only sector to finish in the green for the week....
On an equally weighted basis, the average stock last week was up 1.8% in the MSCI World Index. 4 out of 5 of the best performing stocks came from the MSCI Pacific subset of the MSCI World Index....
Last week with most of the attention being on whether or not the US Government would be able to get a deal done to raise the debt ceiling and fund the government, the factor with the highest R-square performance was Beta....
Germany’s DAX index closed at all-time highs on Tuesday:And, while the rest of the European equity indices have performed well so far this year, few are close to achieving the same milestone:...
We’ve noted before the recent underperformance of ”defensive growth” stocks (Health Care and Consumer Staples stocks) so we thought we’d dive into the details to get a better understanding for the drivers of this relatively sudden turn in performance, since these two sectors (and Health...
While all major European markets are currently positive so far this year, equity performance has been led by Greece, Ireland, and Spain:...
