Insights


Charting the Market: An Updated Roadmap for the Year Ahead


Matthew J. Bartolini, CFA
Head of SPDR Americas Research, State Street Global Advisors

Source: FactSet, Morningstar, as of December 31, 2019. The Cross-Sectional Dispersion is calculated as the standard deviation of daily returns of index constituents for one month. Characteristics are as of the date indicated and should not be relied upon as current thereafter.

Source: FactSet, Morningstar, as of December 31, 2019. Average stock correlation is calculated as the average correlation of each pair of constituents in the index over one month. Characteristics are as of the date indicated and should not be relied upon as current thereafter.

Source: FactSet, Morningstar, as of December 31, 2019. *The universe is based on Morningstar Category, including Blend, Value and Growth styles. Characteristics are as of the date indicated and should not be relied upon as current thereafter.

Source: Bloomberg Finance, L.P., as of December 31, 2019. Past performance is not a guarantee of future results. MSCI Minimum Volatility Index, MSCI Enhanced Value Index, MSCI Quality Index, MSCI Equal Weighted Index, MSCI High Dividend Index and MSCI Momentum Index within each region are used to represent regional factor performance. Index returns are unmanaged and do not reflect the deduction of any fees or expenses.

Source: Bloomberg Finance, L.P., as of December 31, 2019. Past performance is not a guarantee of future results. MSCI Minimum Volatility Index, MSCI Enhanced Value Index, MSCI Quality Index, MSCI Equal Weighted Index, MSCI High Dividend Index and MSCI Momentum Index within each region are used to represent regional factor performance. Index returns are unmanaged and do not reflect the deduction of any fees or expenses.

Source: Bloomberg Finance, L.P., as of December 31, 2019. Past performance is not a guarantee of future results. MSCI Minimum Volatility Index, MSCI Enhanced Value Index, MSCI Quality Index, MSCI Equal Weighted Index, MSCI High Dividend Index and MSCI Momentum Index within each region are used to represent regional factor performance. Index returns are unmanaged and do not reflect the deduction of any fees or expenses.

Footnotes
Glossary
Disclosures