an tSionna {Market At New Highs}

From Chart of the Day:

"....For some further perspective on the post-financial crisis rally, today's chart illustrates how much of the downturn that occurred as a result of the financial crisis has been retraced by each of the five major US stock market indexes. For example, the S&P 500 peaked at 1,565.15 back in October 9, 2007 and troughed at 676.53 back on March 9, 2009. The most recent close for the S&P 500 is 1,570.25 -- it has retraced 100.6% of its financial crisis bear market decline. As today's chart illustrates, each of these five major stock market indices has recouped all losses incurred during the financial crisis (i.e. all are above 100% on today's chart). However, it has been the often overlooked S&P 400 (mid-cap stocks) that has been the star performer. The S&P 400 has recouped over 140% of its financial crisis decline -- a very impressive performance."

My Comment:  Mid-cap stocks often outperform the rest of the US markets.  They usually represent the sweet spot for growth stocks.  Generally they've moved beyond the pure survival stage of the small cap universe and are still of a size that they can be nimble in how they operate.  

*Long ETFs related to the S&P 500, to certain Mid-cap indices and the Nasdaq in client and personal accounts.  Certain clients own ETFs representing the Dow Jones Industrial Average and the Russell 2000 average.

**Link:  Chart of the Day: US Averages Recoup Losses