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What’s been the hottest sector on Wall Street? Small-cap stocks.

The Russell 2000 Index of small stocks has been outperforming the S&P 500 since April 8, 1999. Since then, the Russell 2000 is up over 67%, while the S&P 500 is down over 9%. Small stocks underperformed the S&P from March 25, 1994 to April 8, 1999.

The Russell 2000 closed at a new all-time high on Monday. It reached new a high on Tuesday, but has fallen some since then. There may be some more room to grow. On a relative-performance-basis, the Russell 2000 still has a ways to go to match the level from 1994.

Posted by edelfenbein at July 13, 2005 3:10 PM