Onwards and Upwards in November?
November is one of the best months of the year historically [a close 3rd in terms of % positive at 69% and first place in terms of average return at 1.6%]
Of course it should also be highlighted that while the best November in history was +11%, the worst November in history was -11% …and by definition 31% of the time returns were negative.
But just on averages and odds, there is a statistical shine to November
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Do NOT Concentrate 🫤
When it comes to stockmarket performance the more concentrated the index becomes, the more attractive it is to sail in the opposite direction of cap-weighted strategies and go for equal-weighted.
Probably a lot of this is the result of the dot com bubble and early-1980’s oil boom, but it’s not the only analysis on this issue...
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