VSTO - Small-Caps Grossly Underperform Broader Market Amid This Red Flag: 5 Stocks On The Scanner | Benzinga
Small-cap stocks have underperformed their mid- and large-cap counterparts in the broader market recovery seen since late October.
Underwhelming Show: The S&P 600 and the Russell 2,000 Indices, which comprise small-cap stocks, are barely in the green even as the major averages are solidly higher despite the slackness seen in the August-through October period.
The broader market has recovered from the three-month slump and is on the way higher, hoping for a Fed pivot amid a cool-off in inflationary pressure driving the upside. From the October 27 intraday low of 4,103.78, the S&P 500 has run up 10%, and so have the S&P 600 and the Russell 2,000 indices. These two indices have grossly underperformed the S&P 500 Index for the year.
Compared to the 17.6% year-to-date gain for the broader S&P 500 Index, the S&P 600 and Russell 2,000 are up merely 1.18% and 2.07%, respectively.
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