FYI: After what was already a good day for the US equity market, bulls took stocks even higher in the afternoon following the release of the minutes from the FOMC’s October meeting. Investors also weren’t particularly discriminating in their purchases today – at least based on market cap. The top chart below shows the decile performance of S&P 500 stocks based on market cap where decile one contains the 50 stocks with the largest market cap and decile ten contains the 50 stocks with the smallest market cap. Besides decile three, stocks in every other one are up an average of 1%+. Decile ten is the best performing group with a gain of 1.48%, but the stocks in decile one are only 13 bps behind with an average gain of 1.35%, so market cap had little to do with performance.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/sp-500-performance-by-market-cap/
