That’s been the case for U.S. small-cap stock-market investors since last fall, with the recent emphasis on the taking away.
That play began to stall out in the spring and has suffered since. A rally in long-term Treasurys has pushed the yield on the 10-year note down significantly from its peak near 1.80% to trade as low as 1.25% last week, flattening the yield curve and benefiting large-cap shares seen as more sensitive to interest rates.
The large-cap benchmark S&P 500 index SPX, -0.33% is up 15.9% so far this year, while the tech- and growth-heavy Nasdaq Composite COMP, -0.70% is up 12.6% and the large-cap tech-concentrated Nasdaq-100 NDX, -0.71% is up 14.6%. The recent weakness in small-caps has pushed the firm’s Russell 2000 trend model into neutral territory, “which represents our take on the index” as well, he wrote.
Means it might be time to think about buying them😀
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Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »