Weekly Market Recap
October 30th, 2020
Factor Analysis
Sector Analysis
What to Consider:
- All three major indexes saw their biggest weekly decline since the worst of the pandemic-inspired selloff back in March
- COVID cases on the rise
- Nervousness ahead of Tuesday’s presidential election (potential for an unclear outcome)
Closing Thoughts
- Chart below shows the 1-month performance of DVY (dividend/value) versus the S&P500 (growth)
- As we continue to see increased volatility, growth stocks are likely to end up taking the biggest hit
- Moving forward, we will be watching long-term indicators to determine whether or not value can continue its recent outperformance
- As we continue to see increased volatility, growth stocks are likely to end up taking the biggest hit
Past Performance is no guarantee of future results
All performance related metrics were gathered from Fidelity Research