Will be interesting to see if this continues in teh near future or if its just a short term blip.
Monday, July 9, 2012
IWM outperforming S&P on relative basis
Although I am not a big fan of the overall market at this juncture the chart below is impressive. Its is a relative performance chart of small caps (IWM) vs the broad market (SPY). As you can see IWM has outperformed SPY by over 4% since mid June. Despite deteriorating conditions in Europe and China, this is encouraging for the bulls.
Will be interesting to see if this continues in teh near future or if its just a short term blip.
Will be interesting to see if this continues in teh near future or if its just a short term blip.
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