Worried over concerns that we’re in a narrow market?

Things may not be exactly as they seem.

Things may not be exactly as they seem

According to a recent study* by Strategas, the case for a narrow market is likely being overstated.

In their Technical Strategy Daily Report (July 23, 2018), Strategas noted that while the market has been somewhat split this year, the largest stocks have not been as overly dominant as some reports might have you believe. In fact, their findings show that stocks in the mid-cap range have actually been outperforming this year.

Russell 1000 Distribution of Returns

What does all this mean?

Analysis and details matter and it’s always important to look beyond the top level to see what is really going on.

*Market Not As Narrow As It Seems.” Strategas Technical Strategy, Daily Report, July 23, 2018.