The table below is from last Friday’s Bespoke Report (sign up for a free trial) newsletter that gets emailed to Bespoke clients on a weekly basis.  In it, we list the S&P 500’s 20 best-performing stocks to start off the year, and we think it does a good job of summing up investor sentiment in the early days of 2018.  Essentially, investors are buying anything that hasn’t already rallied in hopes of catching a move higher.  Of the 20 stocks listed, their median return in 2017 was a decline of 11.8% and only six of them were up.  Keep in mind that 2017 was a year where the S&P 500 was up close to 20% and three-quarters of the stocks in the index were up on the year.

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