Below is a weekly summary of our research findings for 12/31/18 through 1/4/19. These summaries give you a quick snapshot of our content the past week so that you can quickly decide what’s relevant to your investing needs.
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- SACEVS with SMA Filter
Evidence from simple tests on available data supports belief that adding an SMA10 filter to SACEVS allocations (ensuring that no ETF holdings are in downtrends) lowers returns but also suppresses drawdowns, and therefore may be attractive to risk-averse investors. - Sector Performance by Calendar Month
Evidence suggests that average returns and return dispersion for U.S. sector ETFs differ somewhat across calendar months. - U.S. Stock Market Performance by Intra-year Phase
Evidence from simple tests supports belief that the middle (end) of the year tends to be the worst (best) time to invest in U.S. stocks, and that national election years affect early-year stock market performance. - Is CAPE Optimal for Market Valuation, and Useful?
Evidence indicates that CAPE is among the best of simple valuation ratios and may have some use for sector rotation and stock selection.
