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SSO - Can Bloated U.S. Large Caps Make Room For Small Caps?
ProShares Ultra S&P500
Until recently, small caps were this year’s darling, comfortably outperforming their large-cap brethren as the economic recovery manifested.
The S&P SmallCap 600 finished the first half strong, posting its best performance through the first six months of any year since it was created.
But the proverbial tortoise caught up to the hare at the start of the second half, as the S&P 500 Index virtually erased its underperformance relative to the S&P SmallCap 600 over the last two weeks.