The recent post noted weakness inward the break of stocks registering fresh 20-day highs vs. lows. Above nosotros tin run across a contributor to that weakness: the relative underperformance of Russell 2000 stocks (IWM) relative to S&P 500 large caps (SPY) since the momentum superlative inward September. Interestingly, pocket-size caps were outperforming large caps yesteryear nearly 6% on the twelvemonth inward September; since then, however, pocket-size caps convey genuinely moved to a slight underperformance on the year. This suggests a potential narrowing of the base of operations of the marketplace position rally, something I'll last watching for this coming week.
.
No comments:
Post a Comment