What has been impacting performance since last Thursday’s Fed meeting? The average stock in the S&P 500 is down 3.2%, but there have been some interesting performance divergences based on a number of different stock characteristics. Knowing these trends can help with positioning in both the very near term and through year end. Sign up for a 5-day free Bespoke Premium trial to see a report we just published on this topic.
One of the characteristics we look at is simple YTD price performance coming into the September meeting. We broke the S&P 500 into deciles (10 groups of 50 stocks each) based on year-to-date performance through 9/17 to see how 2015’s winners and losers heading into the Fed meeting have done since then. Below is a breakdown of the average performance since 9/17 of each decile. As shown, the 50 best performing stocks YTD are only down an average of 2.3% since last Thursday, while the 50 worst performing stocks YTD are down an average of 5.5%.
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