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The End May Be Near for the Small-Cap Stock Rally

In my Oct. 26 Barron’s column, “Why Small-Cap Stocks Are Poised to Outpace Large-Caps,” I detailed why my analysis had turned bullish on small-cap stocks. Since then, small-cap stocks have led their big-cap brethren by 20 percentage points. In a report to clients last week, I wrote that the best part of the strength in small-caps was nearing completion. Why? Because the S&P 500 ratio had entered a powerful 15-year resistance area. The chart below illustrates why the Russell 2000...
York Stock Exchange New York Stock Exchange Gold Upside Is New York Stock Small Cap Stocks Are Poised Outpace Large Caps

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