Posted 1/25/2024, 8:35:00 PM
Megacap tech fuels S&P records, but small caps and value stocks trail
- S&P 500 keeps hitting record highs, but other stock indexes like Value Line Geometric Index still far below records
- Gap shows megacap tech stocks have powered much of S&P 500's gains over past year
- Russell 2000 small-cap index about 20% below its record high, revealing small caps trailing big caps
- S&P 500 growth index substantially outperforming value index over past year, though value playing catch-up recently
- Just a handful of tech giants lifting overall market while many stocks struggle