Long Term Perspective
Yearly changes in the S&P 500 paralleled the growth in the Russell 2000 between 1995 and mid-1998. The Russell 2000 followed its own path after the Russian financial crises and the near collapse of the Long Term Credit Hedge Fund. At the end of 1999, small-cap tech stocks soared and helped propel the index.
Short Term Perspective
The Russell 2000 has outperformed the S&P 500 on a year-over-year basis in eleven of the past twelve months. Nevertheless, both the S&P and the Russell fell in November from year ago levels.
S&P 500 vs. Russell 2000
Dow Jones Industrials vs. Nasdaq Composite
Wilshire 5000 vs. PSE Technology 100
Interest Rate Yield vs. Stock Market Growth
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