美国策略研究：2026 年布局 “滞涨股”-US Tactical Research_ Identifying Laggards to Buy Heading into 2026

4 December 2025 | 8:01PM EST Equity Research US Tactical Research: Identifying Laggards to Buy Heading into 2026 As investors begin to shift their focus towards positioning into the new year, we revisit the effects of the "Laggards" trade, where prior year's laggards have a tendency to become leaders in Q1 of the following year. This trend has held up in 14 of the 23 years since we started tracking the data in 2002, and in 1Q of 2025 laggards outperformed the SPX by +1.6% on average (53% hit rate) - a rever ...