Why the S&P 500 is destined to keep crushing the Russell 2000
'Winner-take-all' economy favors large-cap stocks over small- and midcaps.
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'Winner-take-all' economy favors large-cap stocks over small- and midcaps.
The market has suffered some serious internal deterioration.
The Standard & Poor’s 500 (S&P) large-cap equity index came within ten points of posting new all-time highs on Friday before getting dragged back after a surprise bump in Treasury yields following a 7-year T-note auction that splashed water on the market’s ongoing risk rally fueled by rate cut expectations in 2024.
In Friday's session, the S&P 500 index stands at $4,785.50 as bullish momentum seems to be flatting in the last trading day of 2023.
It seems inevitable that the S&P 500 will achieve new all-time highs early in 2024 (if not before).