1.Materials Sector Breaks Out
Sideways since 2013—Inflation?
Category Archives: Daily Top Ten
Topley’s Top Ten – October 6, 2017
1.Foreign Investors Sell U.S. Bonds and Buy U.S. Stocks.
This chart book looks at who is buying and selling US assets and a striking recent trend is the decline in foreign appetite for US fixed income and increase in foreign appetite for US equities, see chart below and chart book here: http://pull.db-gmresearch.com/cgi-bin/pull/DocPull/11626-F2BF/269784806/f77e8642-a92e-11e7-a585-056cc5e4a602_604.pdf
Torsten Sløk, Ph.D.
Chief International Economist
Managing Director
Deutsche Bank Securities
60 Wall Street
New York, New York 10005
Tel: 212 250 2155
Topley’s Top Ten – October 3, 2017
1.For the first time since 2005, there hasn’t been a 2% daily move in the S&P 500.
Source: Danske Bank, @joshdigga
Topley’s Top Ten – September 27, 2017
1.U.S. Large Cap Stocks Near Record Margins at 9%….Small Cap Margins 2.5% Just Above Long-Term Median.
Topley’s Top Ten – September 26, 2017
1.September Rotation Out of Winners Into Losers
Sep 25, 2017
The S&P 500 is currently up more than 1% during the month of September, and if it can simply finish the month in the green, it will be considered a big win given that September has historically been the worst month of the year for stocks.
What’s interesting about the market’s performance this month is the underlying stocks that are driving major indices higher. We broke the S&P 500 into deciles (10 groups of 50 stocks each) based on year-to-date performance through August to see how the year’s biggest winners and losers heading into September are doing this month.
As shown below, it’s 2017’s biggest losers that have posted the biggest gains in September, while the year’s biggest winners have taken a breather. The 50 S&P 500 stocks that were performing the worst on a YTD basis through August are up 4.6% in September, while the 50 best-performing stocks YTD through August are up just 0.14%.
These stats show that momentum traders are likely under-performing in September. If you stuck your neck out and bought the most beaten down names, you’re likely having a banner month.
