2015 Has Been A Bore…The Median US Stock Is Flat YTD

1

2015 Has Been A Bore…The Median US Stock Is Flat YTD by Eric Bush, CFA, Gavekal Capital

We are 9+ months into the year and the median stock in the United States has officially gone nowhere. The good news is that this is major improvement from the 9/29 low when the median stock was down -8%. The bad news is unless we get a major rally into the end of the year we are set to have the worst performance according to this metric since 2008.

It’s definitely paid to have exposure to Japanese stocks this year. The median stock in Japan is up 9% (all returns are in USD). While Australia, New Zealand and Singapore are all down at least 11%.

Q2 Hedge Funds Resource Page Now LIVE!!! Lives, Conferences, Slides And More [UPDATED 7/12]

Q2 Hedge Funds Resource PageSimply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More


2

Overall, broad exposure to European equities has paid off as well. Only Norway (-3%) and Spain (-6%) are the only countries where the median stock is negative. Italy has led the charge higher as the median stock there is up 21%. Denmark and Ireland are both at least 18% higher YTD.

3

4

5