If U.S. cities were countries – economically speaking

Weekly Update

Where the market’s gains are

Published September 30, 2016


One aspect of investing that never gets old – we never, ever know where the gains are going to come from. Last year it was the biotech stocks leading the way in the first half of the year. Then, they hit a wall and tumbled hard while the FANG stocks (Facebook, Amazon, Netflix, Google/Alphabet) stepped up to carry the Nasdaq 100 near new highs. While the Nasdaq was holding up well small-cap stocks were struggling to a negative yearly return. Below the surface of the broad market indexes there are almost always some stocks showing well. (more…)