{"id":521293,"date":"2010-04-08T14:30:00","date_gmt":"2010-04-08T18:30:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:420536"},"modified":"2010-04-08T14:30:00","modified_gmt":"2010-04-08T18:30:00","slug":"the-dash-for-trash-continues","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/521293","title":{"rendered":"The &#8216;dash for trash&#8217; continues"},"content":{"rendered":"<p>The most honest commentary on what is working in the stock market may be a note this week from Matthew Rothman, an analyst with Barclays Capital, who had the unenviable job of explaining to clients why his firm\u2019s U.S. equity quant model underperformed this past month. <\/p>\n<p>Rothman <a href=\"http:\/\/ftalphaville.ft.com\/blog\/2010\/04\/07\/197401\/a-quant-mea-culpa\/\" >writes<\/a> that while the Russell 1000 was up nearly 6% for March, all three of Barcap\u2019s main quantitative strategies lagged behind the benchmark. Market Sentiment fell 4.37% percent short, Quality underperformed by 2.83% and Valuation came up 1.99% behind the index. \u201cNone of the traditional styles for stock picking worked,\u201d he points out. \u201cOne needed to be absolutely counterintuitive, buying expensive stocks of low quality that had recently underperformed to be successful.\u201d<\/p>\n<p>This is not a strategy to try at home. But what\u2019s behind what Paul Murphy of the Financial Times calls \u201cthe dash for trash\u201d? Rothman says it\u2019s about a growing appetite for risk: stocks that appeared risky and unattractive at the start of the month rose strongly, while less risky stocks dropped. This does not sound like a sustainable trend.<br \/>\n<i><font size=\"4\"><font face=\"Verdana, Helvetica, Arial\"><span style=\"font-size:13px;\">Freelance business journalist <b>Ian McGugan<\/b> blogs for the Financial Post.<\/span><\/font><\/font><font size=\"6\"><font face=\"Times New Roman\"><span style=\"font-size:24px;\"> <\/span><\/font><\/font><\/i><br \/>\n <br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/NP\/aggbug.aspx?PostID=420536\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The most honest commentary on what is working in the stock market may be a note this week from Matthew Rothman, an analyst with Barclays Capital, who had the unenviable job of explaining to clients why his firm\u2019s U.S. equity quant model underperformed this past month. Rothman writes that while the Russell 1000 was up [&hellip;]<\/p>\n","protected":false},"author":4060,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-521293","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/521293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4060"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=521293"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/521293\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=521293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=521293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=521293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}