MarketWatch: “This biotech ETF sees ‘breakout’ while U.S. small-cap technology stocks lag”
By datatrekresearch in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek co-founder Jessica Rabe:
.... "Small-cap stocks in information technology usually outperform small-cap equities overall, but they have “done the opposite by a statistically significant amount over the last 100 days,” said Jessica Rabe, co-founder of DataTrek Research, in a note emailed Thursday.
That may mean a shift is coming.
“History says small-cap tech should therefore revert to the mean and outperform small caps generally over the next roughly four calendar months” said Rabe. “It’s important to remember, however, that this is a relative, not an absolute return, analysis.”
DataTrek found that the Invesco S&P SmallCap Information Technology ETF PSCT has lagged the iShares Core S&P Small Cap ETF IJR, which tracks the S&P Small Cap 600 index SML, by nine percentage points over the past 100 days. “This is very unusual,” said Rabe.
Full article here on MarketWatch.
