More Thoughts on This Being the Market’s 4th Consecutive Up Year
I apologize but I don’t have a ton of incremental stuff to think about today. I re-present the 4th straight up year analog below to include today’s action in the Dow. As I noted earlier this week, numerous 4th straight…...
Defense Industry Ready to Out-Perform?
The chart below plots the ratio of the DJ Defense Index vs. the SPX. From its 2009 highs to its recent lows the ratio declined by ~40% as defense companies have under-performed the broader market materially. The decline in the…