OEF - OEF: The Cycle For The Biggest Of The Big Is Likely Over
2024-05-07 15:03:34 ET
Summary
- Bearish on mega-cap leadership, expect mean reversion against mid and small-cap stocks.
- iShares S&P 100 ETF mirrors performance of S&P 100 Index, holds top tech names.
- The OEF ETF has outperformed but may be near the end of large-cap momentum outperformance, potential risks and volatility.
Big has been beautiful. But only for so long. I'm on a relative basis bearish on mega-cap leadership, and expect significant mean reversion to take place against mid and small-cap stocks. The question, of course, is when. I could be right, but not for another year....
OEF: The Cycle For The Biggest Of The Big Is Likely Over