Dear Chart of the Day Fan:
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:05 p.m. (1:05 p.m.) on the radio and later on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Earlier charts are on my Tumblr page.
Thanks for your interest. It’s appreciated.
U.S. stock investors no longer have a reason to favor larger companies at the expense of smaller ones, according to Liz Ann Sonders, Charles Schwab Corp.’s chief investment strategist. She scrapped the recommendation, dating back to March 2017, in a blog post Tuesday. Sonders wrote that she used the S&P 500 and Russell 2000 indexes as benchmarks for her earlier call. The ratio between them rose as much as 22% during February and March and peaked at its highest level since October 2002, according to data compiled by Bloomberg. Afterward, the S&P 500-Russell 2000 gauge gave back almost the entire gain.
Stocks Editor, Bloomberg RadioEditor, Chart and Stock of the DayStock of the Hour, Bloomberg Television
Author, Visual Guide to Financial Markets