📈  Chart of the Week 11/10/2024
By Mike Allison
To quote J.C. Parets of All Star Charts, the source of this week’s Chart:
During bear markets, the leaders ultimately catch down to the laggards. During bull markets, the laggards end up catching up to the leaders. Which one do you think we're in right now?
The broadening out of equity market participation beyond the largest of the large Tech companies is something we’ve been talking a lot about over the last several months.
With the S&P 500 making all-time highs this week, we’re starting to see mid and small cap stocks also making new highs as well.
Given the rather rich valuations of the mega-tech names as compared to the more attractively valued smaller parts of the market, there is valuation support to help this broadening out of performance to continue.
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