Weekly Market Recap
November 20th, 2020
Factor Analysis
Sector Analysis
What to Consider:
- Stocks continued to perform well as most sectors finished higher to end the week
- Energy and financial sectors continued their recent outperformance
Closing Thoughts
- First chart below shows the 1-month performance of DVY (dividend/value) versus the S&P500 (growth)
- Value (DVY) continues to outperform on a short term basis
- Long-term indicators begin to strengthen
- 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