Shit companies have been hiding behind stock buybacks while earnings growth was falling, now that charade is ending, amid tanking revenue and profits:
"stocks with the highest buyback ratios have been falling behind the broader market. Underperformance of this index coincided with a market top before two market crashes"
Skynet is hiding in the last few mega-caps as it did in July...
S&P equal cap weighted / market cap weighted
And remember this asinine situation...
Walmart versus Amazon?
One has profits without revenue growth. The other has revenue growth without profits i.e. the one going vertical...
Then I showed Kohl's, Macy's, Sears, JCPenny also tanking...
Via: "Use discretion when picking consumer stocks"
This is what is happening across the entire retail sector ex-Amazon, Home Depot and other mega-caps:
Equal weight retail / market cap weighted retail:
Versus Amazon
