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"The merit of all things lies in their difficulty." - Alexandre Dumas, The Three Musketeers
We have kicked off the second half of 2019 with the S&P 500 at all-time highs after rallying some 17% so far this year. That is the best first half of performance for the index since 1997.
One trend over the past year is the S&P 500 has easily outdistance its smaller brethren, the Russell 2000 by a good margin. One would think at some point we get a reversion to the mean. Larger companies should be more impacted by