You know me by now, I prefer to look underneath the surface to see what’s actually happening in the markets every day.
The headline number of, “What did the Dow do today” doesn’t tell the full story.
I’m more interested in the performance of the individual sectors. Which types of stocks are leading and which ones are lagging?
When it comes to accumulation by institutions, it’s easy for them to buy as much of the mega-caps as they want.
It’s hard to leave your footprints with such massive market caps and liquidity levels.
In Small-caps, however, it’s hard NOT to leave your footprints, especially for the largest financial institutions. [Read more…]