• Small cap outperformed large cap; both bonds and stocks experienced unusual correlation.
• S&P500 stocks performed stronger than the NASDAQ composite internally.
• RSMCs continue to indicate a short-term stock market peak.
• Offensive stock lost steam after pre-earnings rally; financials, materials and industrials gave up the most on Friday.
• All nine sectors look weak from historical forward performances; exposure may come from the healthcare stocks lead by high skew and kurtosis.
• Treasury rallied from the long end of the curve; unusual correlation appear between the short-term rates.
read more at...
Alpbeta: Plus
or
http://plus.alpbeta.com/report/201202.pdf
• S&P500 stocks performed stronger than the NASDAQ composite internally.
• RSMCs continue to indicate a short-term stock market peak.
• Offensive stock lost steam after pre-earnings rally; financials, materials and industrials gave up the most on Friday.
• All nine sectors look weak from historical forward performances; exposure may come from the healthcare stocks lead by high skew and kurtosis.
• Treasury rallied from the long end of the curve; unusual correlation appear between the short-term rates.
read more at...
Alpbeta: Plus
or
http://plus.alpbeta.com/report/201202.pdf