We’ve had five consecutive years with momentum performing better among small caps than large caps. One reason for the sizable difference in 2025—and what may be concerning—is that the bulk of last year’s gains were driven by speculative, unprofitable companies (which are disproportionately small cap).
Jan
08
2026
One Factor To Rule Them All
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Perception for the Professional
January 2026 Issue
Featured Articles
- Three-Peat & The Risky Trinity
- S&P 500: The Good, The Bad, And The Ugly
- A State Of Perpetual Bliss
- Low Enough For Low Vol?
- Factor Fundamentals
- 2026 Time Cycles—Mostly Favorable
- Annual Asset Class & Sector Bridesmaids
- Leuthold’s Industry Group “Dreams” And “Nightmares”—Annual Update
- 2025 Cheapskate Sector
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January 2026 Issue
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