an tSionna {Market Returns}

Today we return to the "Hidden Correction" meme.  Bespoke Investment Group out the other day taking a look at returns by market capitalization this year.  They note in the post "Up until early March, all four indices were trading in lockstep with each other and comfortably in the green for the year.  Since then, though, we have seen indices fall out of favor one by one from the smallest market cap up the line."   

The rally in the S&P 500 has also narrowed since the summer.  Bespoke asks the question in the above stated post all the investment community is wondering right now.  "With its smaller peers dropping like flies, will the S&P 500 manage to hang in there or succumb to the pressure of its peers?"

We'll try and tackle this question next week.

*Long ETFs related to the S&P 500, certain mid-cap indices in both client and personal accounts.  Certain clients own indices related to smaller cap stocks as well.  Please note these positions can change at any time.

Link:  Bespoke:  "Dropping Like Flies"