Wall Street resumes trading today after a long holiday respite, and at the opening bell it’s clear that differentiating stocks by market cap by style remains every bit as potent thus far in 2006 as it was last year.
Slicing the stock market by capitalization reveals that smaller is still better. The Russell Microcap Index in January has easily outdistanced its larger-cap brethren, posting a 5.36% total return through Friday. Large-caps, represented by the Russell 1000, looks sluggish by comparison, rising by a relatively sluggish 3.3%.
