XOM - SPYV: A Big Sharpe Ratio YTD Expecting The Blue-Chip Rally To Continue
2024-03-25 04:39:40 ET
Summary
- Tech-related stocks have been leading the market, but cyclical areas like Financials and Industrials are leading on a risk-adjusted basis so far this year.
- I have a buy rating on SPYV as it sports a solid valuation, diversified portfolio, strong momentum, and favorable seasonal trends.
- While not a pure-value fund, SPYV is a solid choice for long-term investors seeking an overweight to non-tech sectors.
- I highlight key price levels to monitor as the second quarters get set to begin.
The value factor has performed generally well this year amid a momentum-driven market. Each weekend, I peruse the Goldman Sachs US Kickstart report. The latest edition reveals that tech-related stocks, particularly those in the Communication Services sector, have been the leaders, but on a risk-adjusted basis, its cyclical areas like Financials and Industrials leading the way. What’s more, the MSCI Developed Markets index, with relatively high weights in value sectors, has done well. ...
SPYV: A Big Sharpe Ratio YTD, Expecting The Blue-Chip Rally To Continue