The Spread is Novel

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This chart is remarkable. I confess, I’m going whole-hog on the new MetaSymbols feature. This chart is a real eye-opener. Using the Layered Charts feature, I put the QQQ on top of the $$$NASDAQSMALL (which is the QQQ except for the mega-caps). These two were virtually indistinguishable for years. That all changed on October 13th, 2022, which was eight horrendously long months ago. Since then, a virtual chasm has developed between these two, since virtually all the gains are being created by just a tiny handful of multi-trillion dollar firms.