This performance pattern is likely to persist this year if not longer with long term Treasuries in negative return territory.
The short-term pattern in the relative performance is looking more positive.
The FINRA Foundation notes that if the majority of investors lack even elementary investing concepts, yet rate their knowledge and competency as high, it makes it difficult to change the pattern of under-performance.
FORBES: Investors Are Not Dumb, Just Horrible At Market Timing
The weekly relative performance shows a pattern of higher highs (line g), as it has confirmed the price action.
The weekly relative performance shows a pattern of lower highs, line f, and just recently turned down from its declining weighted moving average (WMA).
"For whatever reason, there's a predictable pattern where September has bad performance, " says Steven DeSanctis a strategist with Bank of America Merrill Lynch's equity research team.
Mr. Bonds deserved prison because his misstatements were part of a pattern of behavior that included using performance-enhancing drugs and cheating on his wife, he said.
That outperformance has been documented and verified by numerous academic studies, and the performance of investment strategies based on the pattern.
We showed how that has been obscured by changing demographics and cultural factors, and how the resulting pattern of incomes closely reflected productivity and the productive performance of different workers.
"Eventually you reach a high performance level as each time you trace a word, the pattern will start to be remembered, " said Dr Zhai.
Relative performance broke through resistance in late April and shows a long-term positive pattern.
The weekly relative performance dropped back below its WMA in August, and shows a longer-term pattern of lower lows.
The relative performance had turned positive and the chart showed an apparent flag formation or a continuation pattern, which is one of my favorite setups.
The relative performance still looks quite strong (compare it to XLF), as it shows a clear pattern of higher highs and higher lows.
The relative performance or RS analysis is in a short-term uptrend (line d), but shows a pattern of higher highs and higher lows.
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