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Cap Ratios

Nov 06 2015

Stock Market Observations

  • Nov 6, 2015

This bull market has appeared to be on shaky technical ground before, only for concerns to be swept aside. This time, we think it’s different.

Jul 07 2014

Small/Mid/Large Caps

  • Jul 7, 2014

Small cap premium spikes back up.

Jun 06 2014

Small/Mid/Large Caps

  • Jun 6, 2014

Small Caps are selling at a 17% valuation premium relative to Large Caps (19% last month), using non-normalized trailing operating earnings. The Small Cap sell-off over the last three months has pushed us away from the recent peak premium of 23%.

May 06 2014

Small/Mid/Large Caps

  • May 6, 2014

Small Caps are selling at a 19% valuation premium relative to Large Caps (23% last month).