Weekly Market Recap
November 6th, 2020
Factor Analysis
Sector Analysis
What to Consider:
- All three major indices ended higher as growth stocks had their biggest week since April
- Bull market rolls on with growth leading the way
- Fed continues to stress low interest rates in guidance
- Uncertainty is beginning to subside with Biden expected to surpass the 270 electoral votes he needs to win
Closing Thoughts
- First chart below shows the 1-month performance of DVY (dividend/value) versus the S&P500 (growth) as of last week-
- Second chart shows the 1-month performance as of this week;
- Growth stocks performed well as uncertainty subsides
Past Performance is no guarantee of future results
All performance related metrics were gathered from Fidelity Research