FYI: Much has been made about the performance of stocks so far in 2019.
Small-cap stocks, as gauged by the Russell 2000 index RUT, +0.86% , are off to their best start to any year in the past 32 years, boasting a gain of 8.8% over the past 12 trading sessions, according to Dow Jones Market Data. That’s outpacing the large-cap S&P 500 SPX, +0.76% the U.S. stock-market benchmark, which is up 5.2% over the same stretch — a performance, however, that likewise is the strongest 12-day start to a calendar year in 32 years.
The Dow Jones Industrial Average DJIA, +0.67% is up 4.5% over the same period, while the Nasdaq Composite Index COMP, +0.71% has logged a 6.8% advance.
Is it a reason to cheer? Perhaps it would be if not for the fact that the gains are the strongest since 1987, when the Russell popped 11.87% over the first 12 trading days and the S&P rallied 11.22%. 1987 is a year that lives in infamy on Wall Street.
Regards,
Ted
https://www.marketwatch.com/story/small-cap-stocks-are-off-to-the-best-start-to-a-year-since-1987-uh-oh-2019-01-17/print
