A great market divergence: Traders break down the split in the S&P 500 (via TradingNation)
— have rallied double digits, but just one of the 50 smallest S&P 500 is in positive territory.
"This is a very interesting debate and I think probably the biggest question in the market right now and that is: Are the big boys going to come back to the smalls or are the smalls going to catch up to the bigs?" Joule Financial President Quint Tatro said Tuesday on CNBC's "While Tatro said it's still too soon to answer that question, one lagging sector of the market does have him concerned that the mega-cap rally could lose some of its steam.
"Over history there have been some canaries in the coal mine per se," said Tatro. "We continue to look at the financials that will not rally in this environment and that's concerning to us. The financials should be rallying in the face of what we're told will be a pretty significant economic rebound.
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