Growth Edges Out Value As Stocks Rebound
S&P 500: Best Month In Four Years
The third and final month of Q2 earnings reports registered an Up/Down Ratio of 1.18. This is the second lowest “three month” reading of the past 23 quarters.
Small Cap Premium Down To 7%
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