Stockpicking as a Scarce Resource
December 23, 2011Although we are also big proponents of tactical asset allocation, Bill Smead at Advisor Perspectives has an interesting argument about why stock-picking may do well going forward. ICI data that we highlight each week shows large capital flows out of domestic equities, and Morningstar demonstrates quite convincingly that it is possible to outperform just by purchasing what everyone else is throwing away.
It’s certainly possible that rumors of the death of the stock market are greatly exaggerated. Although we have seen very little interest in our equity portfolios of late, they might be of interest going forward.
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Markets, Thought Process | 
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Posted by Mike Moody
Sector and Capitalization Performance
December 23, 2011The chart below shows performance of US sectors and capitalizations over the trailing 12, 6, and 1 month(s). Performance updated through 12/22/2011.
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Posted by Andy Hyer
