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 Substack page.
Thanks for your interest. It’s appreciated.
Smaller U.S. companies “staged a major comeback” with stock investors, Callum Thomas, head of research at Topdown Charts Ltd., wrote in a Twitter post Thursday. Thomas cited the weighting of the S&P SmallCap 600 Index’s components within the S&P Composite 1500, which also includes the S&P 500 and MidCap 400. The small-cap stocks reached a 2.7% weight last week for the first time since November 2019, according to data compiled by Bloomberg. Last May, their share dropped to 2.1% — the lowest level in four decades, according to Thomas.