U.S. Small Cap Stocks – China Producer Prices vs. Russell 2000 12-Month Return Chart suggesting the impact of China producer prices on U.S. small cap stocks. Image: BofA Research Investment Committee
Cumulative YTD Flows in Large vs. Small Cap Stocks BofA’s clients sell large cap stocks and buy small caps, amid new market highs. Image: BofA Securities
U.S. Small Caps – Ratio of Russell 2000 vs. S&P 500 Chart suggesting that small stocks are no longer providing big gains for investors Image: Financial Times
Stocks – Small Caps / Large Caps Since late March, the bull market has followed the typical recession playbook, with the Russell 2000 outperforming the S&P 500. Image: Morgan Stanley Research
Large Cap vs. Small Cap This chart shows the latest rebound in small cap vs. large cap, as small companies could benefit much more from the reopening of the U.S. economy. Image: Goldman Sachs Global Investment Research
U.S. High Yield Spreads vs. IG Spreads and Large Cap Growth Relative to Small Cap Value This chart suggests that new highs in stocks need high yield outperformance and sustained rotation from large cap growth to small cap value. Image: BofA Global Investment Strategy
S&P 500 vs. U.S. High Yield/High Grade and Large Cap Growth to Small Cap Value Charts suggesting that new highs in stocks need high yield outperformance and sustained rotation from large cap growth to small cap value. Image: BofA Global Investment Strategy
Relative Valuation: Small Caps vs. Nasdaq 100 Index The relative valuation today suggests that small caps should lead the Nasdaq 100 over the next decade. Image: Morgan Stanley
Small Caps – Russell 2000 Performance Relative to S&P 500 The small cap Russell 2000 index relative to the S&P 500 is at 18-year low. Image: Deutsche Bank Asset Allocation
Secular Bull Market – S&P 500 and Small Caps vs. Large Caps Ratio This chart suggests that secular bull markets are bearish for small caps. Image: BofA Global Research