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Phil Rosen highlights that the Russell 2000 index has risen 28 percent over the last 5 years, with nearly the entire rally occurring within the past 12 months.
He adds that the S&P 500 has outperformed small-cap stocks since 2021 despite small-caps leading performance this year.
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Rosen previously noted that September is historically the S&P 500's weakest month, averaging a -0.9% decline since 1975, according to his recent analysis. He has also reported on retail sector divergence, with Target outperforming competitors like Lowe's and Home Depot over the past year in a separate article. These observations provide additional context to the recent performance trends in major equity indexes.