1. Americas Top 15 Retailers Vs. Amazon.

1. October Earnings Schedule…60% of S&P Reports in Next Two Weeks.

 We get Earnings fromNetflix on Tuesday, Tesla and Verizon on Wednesday, and Intel Thursday. Apple, Amazon, Alphabet, Microsoft and Facebook report the following week.—Dave Lutz at Jones Trading

1. Small Value 600 52% Spread in Performance Versus QQQ YTD.

1.Value Massive Underperformance vs. Growth Shuts Down AJO One of the First Quant Value Shops…..1999 Value Shops were Closing Across U.S. Before Value had Reversion to Mean.

Ted Aronson AJO Hangs It Up……”drought in value is the heart of the challenge”

5 Year small cap value vs. small cap momentum…..DWAS Small Cap Momentum ETF+69%vs. VBR small cap value ETF+18%

www.yahoofinance.com

1. 30 Year Mortgage Rates Hit Another Record Low….Average 30 Year Rate 3%

·         The average contract interest rate for 30-year fixed-rate mortgages decreased to 3% from 3.01%.

·         Applications for a mortgage to purchase a home fell 2% for the week but were 24% higher annually, the Mortgage Banker’s Association said.

·        Applications to refinance a home, which are most sensitive to weekly interest rate movements, fell 0.3% for the week.

https://www.cnbc.com/2020/10/14/mortgage-rates-set-yet-another-record-low-but-applications-fall.html

30 Year Mortgage Rate 1971-2020