While the pandemic continues, some hope.
There are several vaccines.
How are investors adjusting?
Today’s chart illustrates that since Pfizer first announced that their vaccine was over 90% effective back on November 9th, there has been a shift.
While tech stocks (e.g. Nasdaq 100) led prior to the vaccine announcement, small-caps (e.g. Russell 2000) have significantly outperformed since.
What is the Russell 2000 made up of?
The Russell 2000 is a stock market index comprised of 2000 small-cap companies.
What is meant by Nasdaq 100?
The Nasdaq 100 is a stock market index of the 100 largest Nasdaq Stock Exchange listed companies. A large proportion of those 100 companies are in the tech sector.
What is the S&P 500?
The S&P 500 is a market capitalization weighted index of the 500 largest publicly traded U.S. companies.