Exponential Learning
Quality Breaks Out: The Mid-Cycle Playbook and the Stocks That Screen Best
19:57
Strategy research this week argues the market is mid-transition from early-cycle to mid-cycle — and quality has broken out. The quality factor sits at a new 52-week high, up about 6% since mid-August while the equal-weight S&P 500 fell nearly 4%, powered by an earnings-revisions spread between high and low quality of about 10% (second-widest since 2010) at a relative valuation near its post-2010…