matter and carves out a special niche in football history.
In much the same way, investors have maintained their composure as the other, lesser indexes have muscled their way to fresh all-time highs, patiently waiting and reserving their celebration for the Big Dog — the S&P 500 — to get back into uncharted territory. Sure, we’re getting close. But until we actually break the record, it will stand as a black mark on an otherwise impressive rally.
“Small caps, mid caps, transports, the higher beta cyclical areas have made all-time highs,” says Jonathan Krinsky, chief market technical analyst at Miller Tabak & Co. “So you kind of have to give the benefit of the doubt to the big caps following suit.”
Related: S&P 500 Index (INDEXSP:.INX), Dow Jones Industrial Average (INDEXDJX:.DJI).
You can see the full “Breakout” interview below: