December is the best month in which to bet that the stock-market’s winners will keep on winning. Consider two portfolios, one equally divided among the 10% of stocks with the highest trailing returns (the “winners” portfolio) and the other containing the 10% of stocks with the worst (the “losers” portfolio). Since 1926, according to data from Dartmouth University finance professor Kenneth French, this winners portfolio beat the losers portfolio by an average of 0.93% during the first 11 months of the year. Read More...
December is the best month in which to bet that the stock-market’s winners will keep on winning. Consider two portfolios, one equally divided among the 10% of stocks with the highest trailing returns (the “winners” portfolio) and the other containing the 10% of stocks with the worst (the “losers” portfolio). Since 1926, according to data from Dartmouth University finance professor Kenneth French, this winners portfolio beat the losers portfolio by an average of 0.93% during the first 11 months of the year.
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