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
Up/Down Earnings: Q1 Finishes Substantially Below Average
Small Cap Premium Jumps to 12%
First Half Of 2015 All About Growth
After rattling off nine consecutive quarters of gains, the S&P 500 quarterly winning streak is no more. We have to go way back to 1995-1998 to find a more impressive stretch (14 consecutive quarters).
The second month of Q1 earnings reports registered an Up/Down Ratio of 1.27. Following the theme from last month, this “two-month” score is well below average.
Nudged higher by Small Cap outperformance in May, our premium is little changed month-over-month and remains in its new 5-10% habitat.