News Snapshot:
Wednesday’s newsletter cited the work of strategist Alex Makedon, who argued that the era of price momentum strategies outperformance has ended, and value investors are set to win. An in-depth look at S&P/TSX Composite Index performance for the past 12 months suggests that the BofA Securities cross-asset and quantitative strategist’s recommendations are relatively straightforward to apply in the domestic stock market. The domestic benchmark is down 777 points or 3.6 per cent over the past year. Using Bloomberg data, I generated a report showing the top 10 contributors and detractors by points (I posted a portion of results on social...
