Small Caps lagged the S&P 500 by almost ten percentage points in 2014, but their underperformance streak technically dates back to April 2011. Nonetheless, their cumulative, 45-month underperformance in relation to the S&P 500 (now about –18%) is still modest enough that any mention of the current “Large Cap Leadership Cycle” is bound to draw a few head scratches.
Jan
08
2015
Small Caps: A New Ratio!
tags
Small Caps Underperformance Ratio of Ratios Relative Valuation Price-to-Book Normalized P/E LeadershipLogin
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