IWF - Post-July Fourth Flip Flop

2024-07-12 19:30:00 ET

Summary

• At the start of the quarter, looking at Q2 performance of Russell 1,000 members, we highlighted a theme that has been no secret this year: stocks with larger market caps have outperformed.
• Since last Friday's close, the average Russell 1,000 member has risen by 3.73%.
• The stocks with the largest market caps only rose 1.6%. Meanwhile, the deciles of the smallest stocks (by price and market cap) have outperformed, rallying closer to 5.5%.

Back at the start of the quarter, we provided a decile analysis in a Chart of the Day looking at Q2 performance of Russell 1,000 members. In that report, we highlighted a theme that has been no secret this year: stocks with larger market caps have outperformed....

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