State of the Stock Market - Meet Mr. Split

Aug 23 12:08 2019 Print This Article

The performance for the S&P 500, S&P Mid-Cap 400 and S&P Small-Cap 600 over the last 3, 6, 9 and 12 months pretty much says it all. The S&P 500 is positive on all four timeframes, the S&P Small-Cap 600 is negative on all and the S&P Mid-Cap 400 is mixed. Mr. Market is about as split as can be. The chart below shows 3-month performance for eight stock indexes and the overall picture is mixed. The S&P Small-Cap 600, Russell 2000 DJ Microcap Index are negative, while the S&P Mid-Cap 400 and S&P 500 Equal-Weight Index are barely positive. The S&P 500, Nasdaq 100 and Dow are up and doing the heavy lifting.

Even though the S&P 500 is positive on the 9 and 12 month timeframes, there was a sizable dip in the fourth quarter of 2018 and the index was down 19.78% from its September closing high on December 24th. Yes, the index was .23 away from bear market territory (down more than 20%) and rallied back with a vengeance. Sorry, but you cannot measure correction territory or bear market territory with a simple percentage move in one index.

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Stockcharts.com

StockCharts.com was founded in 1999 by Chip Anderson, a 10-year veteran of Microsoft. StockCharts.com is a website that provides online investors with high-quality financial charts for making better investing decisions. StockCharts.com is focused on Technical Analysis - the study of price history via charts. They provide award-winning analysis tools, market commentary from respected analysts like John Murphy and Martin Pring, and a huge collection of educational resources that can help anyone become a better, more informed investor.

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