Chris Bennett

Blimey. Thanks to one company in particular, S&P SmallCap 600® dispersion came in at an eye-watering 201% annualized in January. Without GameStop, still would be a massive 58%. Monthly dashboard out shortly with more...

U.S. small-cap equity dispersion is on the up, extending a multi-year trend. Lots of noise for the "noise traders" to amplify as earnings season heats up this week...

Reversal of fortune: If the S&P Smallcap 600 were a person, would she be looking for redemption? Courtesy of @ChrisBennettCFA and @SPDJIndices Daily Dashboard. If you want to see & hear weekly best ideas from Chris then register for the call at spglobal.zoom.us/webinar/regist…

The S&P SmallCap 600 and S&P MidCap 400 may contain smaller companies but they are not small markets. Combined, they represent ~$3t in market cap, more than the S&P United Kingdom BMI. They also offer more direct exposure to the U.S. economy than large caps

US small and mid caps continue to outperform in early 2021. Since Sep. 30, the S&P SmallCap 600 is up 43%, while the S&P 500 is up 14% @SPDJIndices

The S&P 500 growth index has become extremely concentrated. thedailyshot.com Source: @SPGlobal

Chart plots % of recovery back to respective pre-pandemic peaks for selection of indices, with those having surpassed previous 2020 highs shown as 100% recovered (like S&P 500); while showing how much is left for those that have not fully recovered @SPDJIndices @SPGlobal

November has been a reversal month relative to sectors/factors that worked YTD through October ⁦@SPDJIndices⁩ ⁦@SPGlobal⁩ [Past performance is no guarantee of future results]

Via @ChrisBennettCFA, S&P 600 had its worst month ever in March. It is currently on pace to have its best month ever.

Energy +7% yesterday (+34% in Nov), outperforming worst performer, Utilities, by whopping 32%; If Nov ended yesterday, would be widest monthly sector spread since April 2009 (marked major shift in market direction) @SPGlobal [Past performance is no guarantee of future results]

@ShaunWurzbach @ShaunWurzbach , you're spot on. Despite broader concerns about dividend payments, the number of S&P 500 Dividend Aristocrats has grown in 2020 to 65 from 57 at the end of 2019 (chart is from our daily dashboard last week)

Yves, Agreed. #factors have their seasons and times. Some, like Aristocrats, seem historically resilient. @ChrisBennettCFA shared this in our Daily Dashboard earlier this week. 2d half of 2020 certainly seems to be taking on a different flavor than we tasted in the 1st half.

Register in order to access a free recording/replay if you cant join live now. Working with @AssetTVUS we present a rich environment which helps in education on topics such as ESG adoption in Canada and the US.

@ChrisBennettCFA shares an interesting, perhaps unexpected, insight that the number of Dividend Aristocrats companies increased in 2020. #DailyDashboard

New Zealand’s equity market has outperformed all other single country markets within S&P Global BMI over past decade, 110 bps above its nearest competitor, S&P United States BMI (with Denmark tying) #Diversification @SPDJIndices

Annualized 101% dispersion between winners & losers yesterday, with 67% separating S&P 500’s best performer Carnival (+39%) from laggard Biogen (-28%); highest single-day reading in more than decade & only 7th time since 1970 that single-day dispersion was > 100% @SPDJIndices

Great Abraham Lincoln quote for the day: “Elections belong to the people. It's their decision. If they decide to turn their back on the fire and burn their behinds, then they will just have to sit on their blisters.”

Despite broader market ending in negative territory, October’s winners not all defensive; for single factor indices of S&P, strategies holding riskiest stocks actually outperformed; High Beta ended month up 1.8%, while defensive Low Vol & Quality both underperformed @SPDJIndices

The @SPDJIndices dashboard for October. Actually, not that bad. Smalp and mid were up, and SPX still + for the year

VIX® closed yesterday at 40.28, a level which it has historically spent 97% of its time below. At these levels, 2.6% or more daily swings in the S&P 500 are par for the course. (Stolen from @ChrisBennettCFA's daily dashboard)

This week's sell-off in U.S. stocks has been indiscriminate: only 10 S&P 500 issues closed yesterday above where they finished last Friday @SPDJIndices