The ADP Employment Report for September reveals another month of mediocre job growth in this data series, but that’s better than what the crowd’s been expecting. It sets us up for somewhat brighter expectations that Friday’s employment report from the government will confirm a mild revival in the labor market compared with August’s dismal number a la Washington’s bean counters.
Daily Archives: October 5, 2011
Who Moved My Market Anomaly?
A new study finds that “momentum profits have disappeared since the late 1990.” Meanwhile, a pair of analysts report that “it is time to rethink the idea that small stocks outperform large stocks on a risk-adjusted basis.” And value stocks have been trailing growth and broad equity benchmarks by substantial margins over the last five years, according to Russell benchmarks. What’s going on? Should we be surprised? No, not really.