Markets Overview

Performance dispersion defined the equity markets this week. The S&P 500 (SPY) pulled back , with the weakness concentrated in Large-cap Growth (IVW) which dropped . In contrast, Large-cap Value (IVE) showed resilience by gaining . Mid-cap core (MDY) remained essentially flat to slightly higher, while Small-caps (IJR) delivered the standout performance of the week, rising on the back of aggressive buying in small-cap value names.

iQUANT 3-Year Analysis: Historical Context

The current rolling 3-year performance period statistically resembles the 2002–2004 market environment. During that era, the speculative technology lead exhausted itself, giving way to a broad-based rotation into "physical reality" assets like smaller companies, materials, and commodities. This historical parallel suggests the structural dominance of index heavyweights is fading, favoring an active selection approach over passive index exposure.

OBSERVATION DISCLOSURE: Historical regime matching is based on statistical correlation of rolling trends for observational context only. It is not a predictive forecast.

Super Sector Performance

Analyzing performance across three primary economic groupings reveals where conviction is building and where capital is seeking protection.

Sector Winners & Losers

Global Market Maturity Performance

We monitor market development to track the global flow of institutional capital into established and emerging zones.