S&P 500's Worst Start to Year Since 2010?
That's right, according to bespoke (this is as of last week, Feb 18th). For all the talk of the "great rotation" from bonds/cash into equities and the melt-up reaction to qe3+, the market hasn't even kept up with the last two years. What does this mean, if anything?
The relative positions continue to hold this week in the resulting sell-off, with investor sentiment reflecting an abrupt reversal from highs (even before the indices fell):
*Credit for both picture to Bespoke Investment Group
The previous two years' early out performance were matched only by the subsequent corrects - will history repeat itself?
(Icon source: http://learnenglishinnewyork.blogspot.com/2012/05/idioms-about-time-par…)
(1) Your sample set is ridiculously small.
(2) SPX is still up 4.44% in less than 2 months. That's pretty fucking phenomenal.
(3) The flow into equities has been more driven by cash coming off the sidelines than as a result of a rotation from bonds. Cash HAS been coming off the sidelines... is this rotation all supposed to happen in less than 2 months or can we give it some time before prognosticating?
quote=DontMakeMeShortYou Your sample set is ridiculously small.[/quote]
Anyone else remember what our fuckin' January looked like? Hard to say we've had a shitty start...
going from ~1420s to ~1500 in 30 days isn't too shabby.
Aliquam eius id id sit vero perspiciatis sunt. Dignissimos ut incidunt quod.
Voluptate quia maxime in necessitatibus libero. Et neque et autem inventore necessitatibus. Ipsum harum velit repudiandae et est omnis perferendis.
Quod et quia maiores nihil nesciunt vel hic suscipit. Eos veniam impedit quo natus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...