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USA Stock Consideration Report (October 2017)
Selling pressure appears to have stabilized after last month’s drop. Midcap has moved well into fair value territory after spending most of 2017 in cautionary levels. Even smallcap lowered the overvalued stress from earlier in 2017 and is now comfortably in fair value range. Both of these market capitalization areas experiencing lower overvalue stress is comforting given the strong total return performance of the most recent 90 days. Smallcap advanced from a loss of 2.44% to a gain of 8.52% while midcap advanced nearly 8 percentage points reaching 10.00% for the year to date.