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Jun 07 2023

Small Cap vs. Mid Cap vs. Large Cap

  • Jun 7, 2023

We’re seeing some very choppy action in our Ratio of Ratios but feel confident in its trend and message. The narrowing in this month’s Small-Cap discount can be attributed to the sharp decline in our Large-Cap median P/E multiple, as the equal-weighted S&P 500 lost 4% in May.

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About The Author

Phil Segner / Sr. Research Analyst & Co-Portfolio Manager