Stock Consideration Report: U.S.

Expectations for SmallCap stocks advanced the most since our last report on 1 November adding 3.5 Fv points reaching 115.3% Fv. Returns for the market classification are also improved and now stand at a gain of 10.6% for the year so far. Earlier in the year SmallCap struggled just to get into positive territory. This is an improvement of nearly 4% from earlier this month. LargeCap remains the leader at 16.2% for the year which is more than double the long-term average of 7%. Valuations remain reasonable at just 7.2 Fv points above 100% fair value. This is well within the normal fair value range, but is an increase of 1.2 Fv points in three weeks. We could easily experience a slight pause in gains as reality catches up to expectations.

Considerations-25 November 2017

Posted by Steven Albrecht