1.Airlines Fuel and Labor Costs Up.
XAL Airline ETF…15% Correction…50day thru 200day to downside.
Topley’s Top Ten – June 12, 2018
1.Personal Savings Rate Going Down Consumer Spending Up.
XRT Retail Index Breakout…Death by Amazon putting poor operators out of business and forcing existing players to step up game.
XRT Retail Index Weekly 50 day thru 200day to upside.
Topley’s Top Ten – June 7, 2018
1.Small Cap Following Dollar and Momentum Following Tech.
Factor Trends 2018.
Topley’s Top Ten – June 6, 2018
Topley’s Top Ten – June 5, 2018
1.Stocks Added to S&P 500 Index Underperform Those Kicked Out by an Average of 23 Percentage Points Over 12 Months.
Barrons-Rob Arnott
Studying S&P 500 index data from 1989 to 2017, Arnott found that the stocks added to the index underperformed those that were kicked out by an average of 23 percentage points over the next 12 months Stocks added are almost always trading at high multiples. Discretionary deletions, when companies are removed for not meeting criteria, are almost always trading at bargain-bin prices. It occurred to me that no one had taken a close look at the “buy high, sell low” nature of indexes, exploring that as trading cost.
https://www.barrons.com/articles/rob-arnott-on-beating-stock-indexes-1527897602
