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)
- Bigger Funds Are not always Better Funds - June 21, 2019
- Would You Hire an Advisor to Buy Your Next Car? - June 20, 2019
- Has the Fed Lost Control of Short-term Interest Rates? - June 19, 2019