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As Mega Cap Techs Plunge, Small Caps Are Flying Higher

Monday, November 14, 2016 10:33
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Analyst Paul Weisbruch points out some interesting post-election action in the markets, which remain strong despite a number of huge heavy-hitters getting sold off.

We continue to see selling pressure among the largest Nasdaq-100 companies including 1) AAPL (-10.98%), 2) MSFT (-8.38%) 3) AMZN (-6.72%), 4) FB (-5.46%), and 5) GOOG (-4.84%). AAPL for example is trading at its lowest levels since early September, while FB is trading at July lows.

Interestingly, even the weight of these names is not taking down U.S. markets on the whole. As we have mentioned previously, sectors such as Financials, Industrials, and Health Care have performed marvelously since the U.S. Presidential election results came in last week in favor of Trump.

Elsewhere, we have not seen a rally like this in Small-Cap stocks perhaps ever, at least not in such short order as the current one is, where IWM (iShares Russell 2000) has vaulted higher during the past six trading sessions on astounding volume. In the trailing one-month period, IWM has also pulled in a notable $1.5 billion in new assets via creation flows.

IWM is now well ahead of its previous highs traded at in June of 2015. We are watching related Small-Cap funds here as well on the steep rise in IWM and heavy trading volume post-Trump, including IJR (iShares Core S&P Small-Cap), VB (Vanguard Small-Cap), and TNA (Direxion Daily Small Cap Bull 3X) to name a few.

IWM is trading at a new all-time high this morning, and is certainly worth monitoring for all investors as we approach the holiday season.

Disclaimer: The content of this article is excerpted from a daily newsletter from Street One Financial. While ETF Daily News may edit the contents and add a relevant title to the piece, the author, Paul Weisbruch, does not endorse or recommend any issuer or security mentioned herein.

About the Author: Paul Weisbruch
paul-weisbruchPaul Weisbruch is the VP of ETF/Options Sales and Trading at Street One Financial. Prior to joining the team at Street One, Paul served as the Director of RIA and Institutional ETF Sales at RevenueShares ETFs from December 2007 until November of 2009. Before RevenueShares, Paul was employed by Susquehanna International Group from 2000 until 2007 serving in roles including OTC/NYSE Institutional Block Trading, Nasdaq/OTC Market Making, ETF/Derivatives Intelligence and Strategy, Algorithmic Trading, as well as acting as the PHLX Floor Specialist in the ETFs, SPY and DIA.Paul has been actively involved in the ETF space from both a product and trading standpoint since 2000. Additionally, Paul has well forged relationships with national RIAs, institutional pension fund managers and consultants, mutual fund and hedge fund managers, and also the ETF media. Co-authoring the “S1F ETF Daily” since 2009, the daily piece has become a must for many portfolio managers in the ETF space, with segments regularly appearing in the likes of Barron’s, WSJ, and for instance.

He holds his Series 4 (Registered Options Principal), 6, 7, 55 (Equity Trader), 63, and 65 licenses. He graduated from the University of Pittsburgh (B.S. – Economics), graduating magna cum laude, and has an MBA from Villanova University.

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