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Tom McClellan: Yield curve shift now favors small caps

Tom McClellan: Yield curve shift now favors small caps
Yield curve shift favors small caps now

Tom McClellan argued that the actions of the yield curve have better explained the underperformance of small cap stocks in recent years. He added that this trend has now shifted to favor small caps.

In previous commentary, Tom McClellan argued that bond yields and mortgage rates typically reflect gold price moves from 20 months earlier. He has also noted that the NYSE met the first step for a Zweig Breadth Thrust signal, with confirmation pending at the time. These views add context to McClellan's latest observations on small cap performance.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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