Monday , January 27 2020
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Snap AV: the spooz reigns supreme

This guy is long cheap EM energy stonks. © Getty Images/iStockphoto If you spend your day trawling company filings, economic data and shipping patterns in the hope of beating the market, avert your eyes now: That’s from Andrew Lapthorne at SocGen, who is feeling pretty dismal about the prospects for today’s stock picking generation:Once in a while we create a chart that is truly depressing. The chart below measures the percentage of global developed and emerging market stocks that have beaten the S&P 500 on a total return USD basis over one and two years. This is a very big universe of 16,000 stocks and over the last couple of years 78% of stocks (so over 12,400 stocks) have failed to beat the S&P 500. Over the last year things have got a little better with only 66% of stocks

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