US stock indexes retreated this week, down -1% to -7% depending on the poison you picked. The most glaring divergence in the data is that small cap domestic stocks (IWM or Grandpa Russell) are down 38% for the year while the NASDAQ 100 is down a mere 13.75%. It’s the worst first quarter performance for stocks on record. It is also worth mentioning that value stocks continue to lag (for the last 15 years) growth.
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