A week ago, investors were scoffing at the idea that small caps and value stocks might have a genuine summer rally.
The S & P 500 Value ETF (IVE) , which holds stocks like Berkshire Hathaway , JP Morgan , Exxon Mobil and Johnson & Johnson , finally hit a new high after lagging the tech-dominated S & P 500 Growth ETF (IVW) for more than a year.
This fund holds the entire stock market, minus the S & P 500.
VXF 1M mountain Vanguard Extended Market ETF over the past month.
This trend of buying small caps and value is clearly more than a one-day wonder: It's now a one-week wonder.
Persons:
Berkshire Hathaway, JP Morgan, Johnson, Dave Nadig, Russell
Organizations:
Exxon Mobil, Johnson, Value, Opportunity
Locations:
Berkshire, United States