Factor Spotlight

Join us this week as we dive into a second consecutive week of mixed equity markets as buyers and sellers position themselves adversely to rate hikes.

This week, we dig into stark performance dispersion within Information Technology despite another heavily alpha-driven week.

This week, we dig into a week characterized by elevated levels of idiosyncratic volatility provided by earnings while risk continues to be traded back and forth through macroeconomic uncertainty.

This week, we analyze the resurrection of tech-led by Nvidia earnings following a week in which investors shunned growth and piled into value.

This week, US investors are taking risk and eyeing a friendly market environment despite a higher-than-expected CPI print on Tuesday.

This week, the markets reached historical highs as investors turn value aside in favor of growth-oriented stocks.

This week, investors turned against beta, residual volatility, and growth factors, particularly following the Fed’s comments surrounding unlikely rate cuts in early 2024.

This week, investors piled into beta, leading up to positive news surrounding US GDP growth and slowing inflation.

This week, the US market witnessed the Nasdaq's tech-driven surge and the Dow's stumble, amidst a surge in consumer confidence. Globally, investors navigated a volatile landscape, with sharp focus on stable sectors in Developed Markets, and unfolding regulatory dramas in China.

Many of our community members manage global funds or have focused Developed and/or Emerging Market strategies. As you analyze your 2023 strategy performance, we hope that the below will help you quantify the market environment of 2023 and answer questions such as: In comparison to prior years, was 2023 more of alpha or factor-driven year? Which factor characteristics (sector, fundamental, macro, etc..) were associated with positive and negative market moves in 2023? Which factor characteristics had standout positive or negative performance, unlike prior years?