CHART OF THE DAY: A Great Time to Pick Factor Exposures
02/26/18 08:22AM EST
Editor's Note: Below is an excerpt and chart from this morning's Early Look market note. It was written by Hedgeye CEO Keith McCullough.
Breaking last week’s US stock market performance down by other Style Factors, here were the top scorers:
- HIGH BETA stocks led the way at +0.9% week-over-week to +3.7% YTD
- Top 25% SALES Growers added another +0.7% week-over-week to +3.7% YTD
Those weekly and YTD scores stand in sharp contrast to what we haven’t liked (slow beta defensives). HIGH YIELD as a US Equity Style Factor dropped -0.2% in a big up week for growth and is DOWN -3.7%. That’s -740 basis points of under-performance vs. Long US Sales Growth.
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