...just to illustrate how difficult it can be to select the 'right' stock to perform over this small window of upside, here's a list of YTD under performers and they're not 'bad' stocks.
...choosing what you think or perceive as 'quality' isn't enough. WOW is an example as is BHP.
...most have dropped and underperformed the XJO not because they're 'bad' stocks but more so because their valuations are probably not aligned to their forward fundamentals and hence had to fall in line with new expectations/concerns.
...price performance are not just a function of the quality of the stock or even reasonably good expectations of their forward outlook but a function of their valuation relative to their forward outlook (sectoral and stock specific) by analyst standards.
