Weekly Market Recap
November 13th, 2020
Factor Analysis
Sector Analysis
What to Consider:
- Stocks continued to perform well as all sectors finished higher to end the week
- Energy and financial sectors had their best weeks of the year
- Only sector remaining in the red on a 3-year scope
- Energy and financial sectors had their best weeks of the year
Closing Thoughts
- First chart below shows the 3-year performance of DVY (dividend/value) versus the S&P500 (growth)
- Value (DVY) continues its upward trajectory as it tries to close the gap
- Second chart shows a 3-year comparison of the spread between the 2-Y and the 10-Y yields;
- Fed continues to maintain guidance on low interest rates –
- Historically, this has been a bullish indicator for financial markets
- Fed continues to maintain guidance on low interest rates –
Past Performance is no guarantee of future results
All performance related metrics were gathered from Fidelity Research