- Despite a lackluster performance in September, large- and small-cap US stocks have maintained their double-digit gains this year, with the Russell 1000 and Russell 2000 climbing 15.2% and 12.4%, respectively, for the first nine months.
- Beneath the surface, however, there has been a dramatic rotation in US market and style leadership. The Q3 bounceback in growth stocks was much more powerful for the tech-heavy Russell 1000 Growth than for small-cap Growth.
- Despite recent reversals, however, the Russell 2000 Value retains a huge lead over all other style indexes YTD and for the past 12 months.
For further details see:
Q3 2021: Large-Cap Winning Streak Continues Into Q3, Buoyed By Growth Outperformance