Percentage of Energy, Financial and Basic Material Members in a Bear Market
For the first time since 2006, not a single sector member in energy, financials, and basic materials closed more than 20% below a rolling 252-day high. i.e., not a single issue traded in bear-market territory. We can add this to a growing list of signals that would suggest that value has the potential to outperform.
Chart Example

Signal Performance
As the signal count shows, this is a rare event.

