Monday, July 14, 2014

R2K has been underperforming

Here's two ratio charts:

The Russell 2K has underperformed the Nasdaq since last summer.

And it's similarly underperformed the S&P 500 since this past winter.

Any reason why, do you think? And are we nearer a point where IWM underperformance sees a bottom and turns around?

Underperformance to QQQ has been more brutal, but maybe that's because of the growth story for tech relative to the growth story for small-caps.

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