Strong Relative Performance for our Buy List

Today was a remarkable day for the stock market. A large group of stocks fell sharply while the rest were barely scratched. Fortunately, our Buy List was tilted toward the latter.

The S&P 500 fell 1.37%. The Dow lost 328 points. In fact, the Dow closed below its 200-day moving average for the first time in 501 trading days.

The S&P 500 briefly dipped below 2,700 but rallied some late in the day. The big divergence can be seen by looking at the value and growth indexes. The S&P 500 Value Index fell -0.89% while the growth part fell -1.78%. That’s exactly double.

The effect is even more pronounced by looking at the High Beta and Low Vol indexes. The S&P 500 High Beta index fell 2.28% today. Low Vol actually gained 0.16%. Nineteen of our 25 stocks outpaced the S&P 500 today.

Our Buy List lost -0.63% today. That was much better than the overall market.

Here’s the sector breakdown, worst to first.

Tech -2.28%
Energy -2.20%
Discrete -2.18%
Materials -1.46%
Industrials -1.24%
Financials-1.03%
Health Care -0.90%
REITs -0.18%
Telecom -0.08%
Staples +0.44%
Utes +1.65%

Posted by on June 25th, 2018 at 10:53 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.