This week, I promised to show which type of investments performed the best since March 2000. But, instead, I will answer a more timely question: With the S&P 500 making new highs, what is really driving this market?
Let’s look at a Wall Street term “market capitalization” to determine the equity value (size) of a company. Market cap, for short, is determined by multiplying the total number of shares by the price. This number tells us if the stock is a large, mid or small cap stock.