Hulbert Calls Large Cap Strength a “Bullish Omen”

Mark Hulbert argues against the conventional wisdom that small-cap outperformance relative to large-caps indicates a positive trend (the idea being that large caps will “have to perform particularly well just to catch up”). This according to his recent MarketWatch article. After evaluating 20 years of relative performance data for both the S&P 500 and the Russell 2000 (small-cap index), Hulbert concludes that outperformance by the S&P 500 is a “bullish omen,” and that, “none of… Read More