Below is a weekly summary of our research findings for 12/30/19 through 1/3/20. 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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- Stock Market Valuation Ratio Trends
Current S&P 500 earnings forecasts indicate 12-month trailing earnings-price ratios rising from below to above generational “normal” over the next year. - SACEVS and SACEMS Performance by Calendar Month
Evidence from simple tests on limited data suggests that SACEVS and SACEMS may exhibit seasonality, with reliability of findings too low to support calendar-based strategy modifications. - 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 stock market performance.
