Small Caps
Big Cap Versus Small Cap: S&P 500 Versus Russell 2000
The following table compares the performance of the Russell 2000 Index since its inception in 1979 with the S&P 500.
Is Move in Secondary Stocks For Real?...Yes
Small caps continued to outperform in September’s strong market. Improving small cap earnings and sales momentum. Improving sponsorship (so far) from aggressive and emerging net fund inflows.
Is the Move In Secondary Stocks For Real?
Doubtful, at this point. Relative performance “catch up” not conclusive...Abnormal downdraft in large caps a big contributing factor.
Will Active Management Ever Beat the S&P 500?
It will happen again! Relative overweights in small caps will be an advantage instead of disadvantage to portfolio managers. Small caps can grow earnings faster.
The Lagging Small Caps In The Nasdaq Index
The NASDAQ Composite Index has become a very poor measure of smaller, more aggressive stocks.
The Lagging Small Caps
Weighted S&P 500 outperforming unweighted counterpart. Typical NASDAQ stock up 6% year to date, compared to +23% for Index (10 biggest NASDAQ stocks up average of 45%).
Earnings Momentum: How Much Better Can It Get?
Earnings momentum may be peaking. The economy should slow by mid-1995, but analysts may not be factoring this into estimates. Also, year over year comparisons will be tougher as 1994's big earnings numbers get factored in.
View From The North Country
The parties are over, the cheering has stopped and the sax has been put back in the closet.
Relative Performance: Large Cap/Small Cap
The moving average was broken on the upside in March and relative performance was flat in April. In anticipation of this basic change in market focus our equity model has built up secondary stock exposure.
Small Cap Or Big Cap?
What happened to the "January effect" this year?
Perception for the Professional
March 2026 Issue
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March 2026 Issue
