Closed-End Fund Market Commentaries
Nov 30, 2017
Click here to access Sector Performance Via Market Capitalization Since Trump Won The Presidential Election
View from the Observation Deck
1. From 11/8/16 through 11/29/17, small-capitalization (small-cap) stocks outperformed both mid- and large-cap stocks, as measured by the S&P 500 Index, S&P MidCap 400 Index and S&P SmallCap 600 Index (see "Index" line in table).
2. We are encouraged by the fact that small-cap stocks have outperformed mid-cap stocks, which in turn have outperformed largecap stocks, because it indicates to us that the traditional risk-return dynamic (the greater the risk taken, the greater the return expected) is alive and well, despite President Donald Trump’s unorthodox approach to governing.