Cruel Quarter, Growth Still Best YTD
S&P 500: Worst Quarter In Four Years
The second month of Q2 earnings reports registered an Up/Down Ratio of 1.17. This “two-month” figure is the third lowest since mid 2009.
The August market action deflated P/E ratios across all market cap tiers, but our ratio of ratios was little changed.
Despite the down market, Large Cap Growth expanded its YTD outperformance over Value—now almost 11%.
S&P 500: Worst Month In Three Years
Up/Down Earnings: Dismal Start To Q2
Small Cap Premium Drops to 8%
Growth Showing No Mercy To Value
S&P 500: Largest Firms In Charge