The Transparent Advisor

by Danno We are 6 1/2 months into 2020, and it's been a fascinating year already.  Let's take another quick look under the hood year-to-date. There are any number of ways to break up the markets to try to understand what's really going on. A lot of it week to week and month to month has to do with emotion, momentum, and short-termism. I like to zoom out and look at it by Style,  by Asset Class, and by Sector, so I can understand the larger themes. When I look at Style, I like to use Morningstar's proprietary style box.  A style box is just a simple matrix of US LargeCaps, MidCaps, and SmallCaps along the vertical axis, and Value, Blend, and Growth across the horizontal axis. So from left to right and top to bottom, the same way that you read words on a page, it's LargeCap Value, LargeCap Blend, LargeCap Growth, then MidCap Value, MidCap Blend, MidCap Growth, then SmallCap Value, SmallCap Blend, SmallCap Growth.  The US 2020 year-to-date style box including dividends

6 good reads from the past week: One of the textbook ideas that won't survive the COVID-19  by Josh Brown Wild Ride to Nowhere  by Wolf Richter 5 Thoughts on a World with No Yield  by Ben Carlson These 2 charts explain why the stock market is so strong while the economy is still so weak  by Tim Koller Lots of Things Happening at Once  by Morgan Housel Don't Fall in Love with your Stocks  by Blair DuQuesnay And an oldie but goodie from Carl Richards at BehaviorGap.com : Legal Disclosure:  This is not Investment Advice.  The commentary on  thetransparentadvisor.com  reflects the personal opinions, viewpoints and analyses of Danno Hoff and should not be regarded as a description of services provided by his employer or its affiliates. The opinions expressed in this website are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the fi