Nasdaq vs S&P Outperformance Test
The long-term trend of the Nasdaq outperforming the S&P 500 is currently being tested.
Too little corroboration in the last 3 days to call a trend (2 articles). Watching for it to gain traction.
"To Grinacoff, that signals the call he made at the end of last year — that the gyrations in the Nasdaq 100 will exceed those of the S&P 500 — remains intact halfway through the year."
"The shorter-term gains have proven to be less successful for the index after the 12-day win streaks. The average one-month gain is 1.3% for the previous seven times this has occurred."
""Despite the past two days' losses, the Nasdaq remains up 24.5% in 12 months.""
""Janney Montgomery Scott's Dan Wantrobski noted that the stock rotation that saw small-caps soar and the Nasdaq Index tank is an early sign of a healthy expansion in overall market breadth.""
"Compared to the S&P 500, it has higher return potential but also greater volatility."
"this price ratio traversed a rising channel marked by each (1) for 18 years before breaking out above it in 2020 and testing the 2000 high."