Excerpt from Bloomberg quoting DataTrek’s Nick Colas:
…. “DataTrek Research notes that the biggest losers in the S&P 500 in 2018 were up about 9.5 percent this year through Friday, compared with the benchmark’s 3.6 percent gain overall. Also, small capitalization stock returns are double that of the S&P 500 after underperforming in 2018. In other words, the rebound probably has less to do with some sort of newfound confidence among investors than it does with technical factors. “From now on, U.S. stocks will have to earn further gains,” DataTrek co-founder Nicholas Colas wrote in a research note”….
Read the full article here on Bloomberg!