Incredibly, over the last 4 trading weeks since June 14th, essentially a month, Small Caps have now outperformed both Large Cap Tech (QQQ) and S&P 500. According to Bespoke Investment Group, since 1979, there has only ever been one other day when the Russell 2000 Index was up +3% and the S&P 500 Index was negative for the day.
July 11, 2024
Enormous rotation day.
Incredibly, over the last 4 trading weeks since June 14th, essentially a month, Small Caps have now outperformed both Large Cap Tech (QQQ) and S&P 500. According to Bespoke Investment Group, since 1979, there has only ever been one other day when the Russell 2000 Index was up +3% and the S&P 500 Index was negative for the day.
Returns from 6/14/24 through 7/10/2024:
Russell 2000: +5.7%
NASDAQ 100: +3.24%
S&P 500: +3.16%