Common Cents

by | Nov 20, 2020 | WWC WorthWhile Reading

Last Week…


… another significant twist in the ongoing rotation we’ve been tracking emerged.



A rotation in the pattern that has already been taking place, to be precise. We are now seeing the opposite effect as investors no longer head for ‘safety’ investments.


While US stocks were mostly up,

  • Large Cap Growth and Technology, the favorites since the downturn, both turned negative -2.24% -2.48%, respectively
  • The twist was toward Small Cap and Value stocks, the YTD laggers rocketed ahead with Small Cap Value bursting ahead +7.81%
    • It was followed by Mid Cap Value +5.93% and Large Cap Value +4.77%


REITS and Foreign stocks were a similar story, with REITS and Value up most

  • REITS +6.11%
  • Global REITS +3.83%
  • EAFE Value +5.59%


Bonds did .. what they seem to do best these days, and were mixed

  • Emerging Markets Bonds were up the most +1.76%
  • Foreign Bonds lost the most -1.02%


Remember money is always moving somewhere. If there’s a strong move toward one place, there will naturally be less in another place. That’s called rotation and it’s a very healthy sign in the outlook for stocks.


Have a great weekend!


Indexes are listed in respective order to their reference above: DJ Industrial Average TR USD, S&P 500 TR, DJ US TSM Large Cap Growth TR USD, NASDAQ 100, Technology NTTR TR USD, DJ US Health Care TR USD, DJ US TSM Large Cap Value TR USD, DJ US TSM Mid Cap Growth TR USD, DJ US TSM Mid Cap Value TR USD, DJ US TSM Small Cap Growth TR USD, DJ US TSM Small Cap Value TR USD, FTSE NAREIT All Equity REITs TR, DJ Gbl Ex US Select REIT TR USD, Bloomberg Commodity TR USD, MSCI EAFE NR USD, MSCI EAFE Growth NR USD, MSCI EAFE Value NR USD, MSCI EAFE Small Cap NR USD, MSCI EM NR USD, BBgBarc US Corporate High Yield TR USD, FTSE WGBI NonUSD USD, JPM EMBI Plus TR USD, BBgBarc US Govt 1-3 Yr TR USD, ICE BoafAML 1-3Y US Corp TR USD, BBgBarc Intermediate Treasury TR USD, BBgBarc Interm Corp TR, BBgBarc US Treasury US TIPS TR USD. These materials have been prepared solely for informational purposes based upon data generally available to the public from sources believed to be reliable. All performance references are to benchmark indexes. Performance of specific funds will vary from respective benchmarks. Past performance is not an assurance of future results. Each index cited is provided to illustrate market trends for various asset classes. It is not possible to invest directly in an index. Neither do Indexes reflect individual investor costs, e.g. trading, expense ratios & potential advisory fee.