Changing of the Guard

Keith Schneider | September 20, 2020

US Equity Markets mostly retreated, led by the NASDAQ 100 which was down -1.32% for the week. The major theme is that rotation is occurring across all asset classes with new leadership appearing. Making up for lost ground, Small Caps rallied with Grandpa Russell (IWM) closing up +2.78% for the week on improving volume. Value stocks (VTV) which have been lagging Growth stocks (VUG) for over a decade, confirmed a breakout on a short-term basis.

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