Small Talk | November 9 to November 13, 2020

At the “top-down” level the week past was a wild one with investors jumping back into “value” stocks in a move triggered by positive COVID-19 vaccine developments. Of course, what the market uses as a proxy for “value” is stocks priced on low multiples of their earnings or book value relative to the market - the data above shows how such stocks enjoyed a great resurgence during the week. But whether these stocks are good value (or good buying) is another question altogether.

Benchmark Indices | November 9  to November 13

Source: Sentieo, FT.com, Equitable Investors


Market’s Best & Worst of the Week - from our “FIT” Index


Chart of the Week

Long-Short Momentum Factor - Excess Daily Return




Source: OSAM Research, FactorInvestor

This is an excerpt from the weekly Small Talk update for clients of Equitable Investors.

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