These Shares Are Trailing the Market by the Widest Margin in 25 Years

Smaller, speculative firms are within the midst of a livid autumn stock-market rally, however they nonetheless have an interest-rate downside.

The S&P 600, an index of small firms with a median market worth of $1.8 billion, has climbed 10% from its current low on Oct. 27, barely outpacing the S&P 500. But for 2023, it’s on tempo to path its large-cap counterpart by the widest margin in a calendar yr since 1998. The S&P 600 is up 1.7%, whereas the S&P 500 has climbed 17%.