Small-cap stocks continue their end of the year tear. From their November low, small-caps are up over 17%. Small-caps have rallied this much this fast a few times over the last three and half decades, but it was most often following a big-sell off or bear market. Small-caps may be higher a year from now, but overbought is probably an understatement at these levels. Note the two horizontal lines on the chart represent plus and minus two standard deviations.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- Are the Pieces Finally in Place for a Bear Market? - June 22, 2018
- Landmark E-Commerce Decision by the Supreme Court - June 21, 2018
- GE Kicked Out of the Dow - June 20, 2018