#5 – The Outlook for Value Stocks, Inflation and More
November 2020 – In this video conference call, Prospector Portfolio Managers John Gillespie, Kevin O’Brien (CFA), Jason Kish (CPA, CFA) and Steve Labbe (CFA) and Stacy Havener, Founder & CEO of Havener Capital Partners, discuss the state of the markets, their outlook for 2021 as well as an array of topics including:
– Firm update and year-to-date relative performance
– Positioning changes to the portfolios
– Bull and bear cases for 2021
– Whether the Fed’s actions could lead to inflation
– ETFs’ exposure to the good, the bad and the ugly
To access the call replay, please click below.
(Call recorded on November 18, 2020 @ 1pm ET)
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Diversification does not assure a profit nor protect against loss in a declining market.
References to price deciles describe the companies in the S&P 500 Index.
References to “twos and tens” describe the two year and ten-year Treasury yields
Russell 1000 Value Index measures the performance of the large cap value segment of the US equity universe. It includes those Russell 1000® companies with lower price-to-book ratios and lower expected growth values.
Russell 3000 Value measures the performance of the broad value segment of the US equity value universe. It includes those Russell 3000® companies with lower price-to-book ratios and lower forecasted growth values.
S&P 500 Value Index measures the performance of the large-capitalization value sector in the U.S. equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics.
Russell 1000 Growth Index measures the performance of the large cap growth segment of the US equity universe. It includes those Russell 1000® companies with higher price-to-book ratios and higher forecasted growth values.
S&P 500 Growth Index measures the investment return of large-capitalization growth stocks
KBW Bank Index (BKK) tracks the stock prices of prominent banking companies in an attempt to be a bellwether for banking industry watchers.
Price to trailing operating earnings is a company’s current share price of a stock divided by its earnings per share.
Price to sales is calculated by dividing a stock’s current price by its sales per share over the trailing 12 months.
Basis point is a unit of measure used in quoting yields, changes in yields or differences between yields. One basis point is equal to 0.01%, or one one-hundredth of a percent of yield and 100 basis points equals 1%.