dispersion

Still, Brownback sees “pockets of dispersion” in some rate-sensitive parts of the economy, such as housing or areas in which people with lower incomes and wealth might spend or borrow.

The reason greater dispersion doesn’t lead to more successful stock picking is that, in addition to increasing the number of stocks beating the market, it also increases the number that are lagging.

Only calcium carbonate and alpha alumina are abundant enough to be feasible at scale, yet both face serious technical problems during dispersion.

Another plus for stock pickers right now is a dispersion of earnings revision breadth that has climbed into earnings season, they said.

That dispersion keeps the year-end meeting in play.