Data Update 2 for 2022: US Stocks kept winning in 2021, but…
Musings on Markets
JANUARY 19, 2022
I do believe that too much is often made of these differences, as it is generally more the rule than the exception that markets, when they are up strongly, get the bulk of that rise from a small sub-set of stocks or sectors. The results are similar if you break stocks down based upon price to book ratios or revenue growth rates.
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