Not everything is so clear in the growth of American indices since the beginning of the year. The growth is mainly due to the leaders of the technological sector from the Nazdak100 index, which this year has already grown by more than 20%. Respectively, he pulled out and the index of all Nazdak stocks — Nasdaq Composite + 18%.
But the broad market index SP-500 is not growing very much as it seems to many — Total +10%, and even then for sure at the expense of the leaders of Nazdak100, which are also included in the broad market index SP-500. In addition to Nazdak, they buy, mostly giants from the Dow30, which since the beginning of the year has added +11%, overtaking SP-500.
It turns out that all the growth of the American market this year is only due to the leaders of Nazdak and several giants from the Dow.. The rest of the overwhelming number of American companies is somehow not impressive. For example Russell 2000 from 2000 small cap companies added only 3,63%, and the SP400 index from 400 the best small-cap companies of just some +1,34%. The SP600 does not look better from 600 best mid-cap companies +5,18%. And moreover, this picture has been observed for several years.
It seems that the Americans have found a recipe for how to avoid big corrections and bear markets — you just need to drive the prices of several companies from the main indices and you get the impression of a bull market, since the main indices, as if, Grow. It doesn't matter what the prices of the rest of the vast majority of companies, not included in the indices or having little weight there, may be in a long downtrend. That is, in fact, maybe, a real bear market has been going on for two or three years now, but hidden — just no one sees him. And maybe, it has already ended and will now be replaced by a new powerful bull market for five years. All other mid-cap and small-cap stocks will start to rise, as well as other companies, not indexed. That's why, traders, expecting a big correction or a great bear market, I do not envy, since they already missed everything, just not noticing him :)
