The market has no idea where it's going, and this is bad news for equities according to SocGen’s Global Equity Research team. In a research note sent to clients at the beginning of this week, SocGen’s equity research team highlights the fact that while equity prices have been pushing hyacinths at the beginning of November, there has been a lack of performance dispersion across styles, which is a complete contrast with last year’s volatility.
The Market Is Struggling For Direction And This Is Bad News
The only strategy to stand out this year is a short-term (1 month) price reversal strategy, which involves selling last month’s winner and buying losers. Based on historical price action...
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