As of the first quarter this year, ratio of S&P 500’s market cap to nominal GDP spiked to highest since end of 2021 pic.twitter.com/ieovbg0NgG

Comm. Serv. suffered biggest loss today with Materials and Energy among gainers (the latter now leading YTD); small caps underperformed with Russell 2000 Value falling most and remaining in last place YTD pic.twitter.com/AcbPRkLvlV

Down less than half a percent today for the S&P 500. Given where it opened, this was a nice change from what we were seeing a week ago. Back then, the selling would get heavy as the day wore on.

BOOM: S&P 500 stocks with lower passive ownership have beaten the most passively owned stocks over varying time horizons = just one amazing finding/chart from @psarofagis new explosive study that disproves much of the Passive fearmongering out there. pic.twitter.com/jQV9EXecqb