Even though the S&P 500 isn’t setting the world on fire performance wise this year, Small and Micro caps closed out last week at all-time weekly closing highs. The table below looks at performance year to date, reflecting that Micro and Small are acting big on a performance basis, compared to the S&P 500.
Micro Caps (IWC) of late are now pushing above March 2014 highs, which is a positive sign for them.
Strength in the US Dollar could be hampering gains by large caps over the past 6 months. Small and Micro Caps aren’t influenced too much by this factor.
Much of the world seems to be focused on what is happening in Greece, yet the message coming from Small and Micro Caps might be just as important for the future direction of the stock markets in the states.