Earnings Season Unkind to Our Watch Lists
Earnings season is treating our watch lists unkindly. All three were down this week, despite positive gains from the respective benchmarks.
The Small Cap Watch List (Track at Marketocracy) lost 0.29%, while the S&P Midcap gained 0.43% and the Russell 2000 was up 0.1%. Two consecutive weekly losses have nearly wiped out the Small Cap Watch List (Track at Marketocracy)’s outperformance since the January 31, 2007 inception.
The Mid Cap Watch List (Track at Marketocracy) lost 0.94%, compared with a 0.71% gain for the S&P Midcap. However, the Watch List still retains about a 150-basis point lead to date.
The Large Cap Watch List (Track at Marketocracy) lost 0.26%, compared to the 0.65% gain in the S&P 500. Since inception, the Watch List is still ahead by nearly 200 basis points.
In fact, the only of our Watch Lists to gain was the legacy one we created in June 2006 and have not changed other than to account for corporate actions. It was up 0.62% for the week. Our own portfolio was down 0.46%.
