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  • High Quality stocks' QTD outperformance likely signals the end to the low quality rally in place since 1Q09.  We gauge quality by comparing the top and bottom ROIC quintile small-caps' performance.  Our High vs. Low Quality stocks index (Fig. 1) is showing a 4Q09 uptick, its first since 1Q09, supportive of our view that high quality stocks will now outp...full article available after login

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