Stock Market Internals Earnings Momentum, Small/Mid/Large Caps, Growth/Value/Cyclicals, and Additional Factors
Additional Factors
S&P 500: Best Month In Four Years
Earnings Momentum
The third and final month of Q2 earnings reports registered an Up/Down Ratio of 1.18. This is the second lowest “three month” reading of the past 23 quarters.
Small Cap vs Mid Cap vs Large Cap
Small Cap Premium Down To 7%
Growth vs Value vs Cyclicals
Cruel Quarter, Growth Still Best YTD
Additional Factors
S&P 500: Worst Quarter In Four Years
Earnings Momentum
The second month of Q2 earnings reports registered an Up/Down Ratio of 1.17. This “two-month” figure is the third lowest since mid 2009.
Small / Mid / Large Cap
The August market action deflated P/E ratios across all market cap tiers, but our ratio of ratios was little changed.
Growth / Value / Cyclicals
Despite the down market, Large Cap Growth expanded its YTD outperformance over Value—now almost 11%.
Additional Factors
S&P 500: Worst Month In Three Years
Earnings Momentum
Up/Down Earnings: Dismal Start To Q2
Small/Mid/Large Caps
Small Cap Premium Drops to 8%
Growth/Value/Cyclicals
Growth Showing No Mercy To Value
Additional Factors
S&P 500: Largest Firms In Charge
Earnings Momentum
Up/Down Earnings: Q1 Finishes Substantially Below Average
Small Cap vs Mid Cap vs Large Cap
Small Cap Premium Jumps to 12%
Growth vs Value vs Cyclicals
First Half Of 2015 All About Growth
Additional Factors
After rattling off nine consecutive quarters of gains, the S&P 500 quarterly winning streak is no more. We have to go way back to 1995-1998 to find a more impressive stretch (14 consecutive quarters).
Earnings Momentum
The second month of Q1 earnings reports registered an Up/Down Ratio of 1.27. Following the theme from last month, this “two-month” score is well below average.
Small Cap/Mid Cap/Large Cap
Nudged higher by Small Cap outperformance in May, our premium is little changed month-over-month and remains in its new 5-10% habitat.
Growth, Value, Cyclicals
Small Cap Growth stocks were the clear outperformers in May, up almost 4%. Growth stocks are still in favor when comparing YTD figures, with the performance gap especially prevalent in the Small and Large Cap spaces.
Perception for the Professional
March 2026 Issue
Featured Articles
Sector Navigator
March 2026 Issue
