No. of Recommendations: 2
Updated YTD price performance as of 5/5/26. Yes it's just one data point. Doesn't say anything about the relative long term investment merits of the items on the list.
Nevertheless, a few things stand out. SP500 and RSP are the same which means optimism is broadening and earnings estimates are rising across the board. The Fortune 500 eq weight, where the index is based on revenue rather than market cap, is a full 2% higher than RSP. This must be an indication of something, not quite sure what. Extended Market (total US market ex sp500) is up 10% which is even more evidence of broadening since these are all mid cap and small cap. Nasdaq 100, both Cap and eq weight, are doing just fine which is no surprise given the AI boom and the continuing and increasing capex spending.
Last but not least, Global ex US continues to outperform. It handily beat SP500 last year and the outperformance is continuing.
In summary, the rise is Global. Large, Mid, Small, US, International, Emerging ... everything is up "bigly"! This is remarkable given inflation expectations increasing, the UST 10YR nominal at 4.45#, UST 10YR Real near 2% and oil about 110. If you knew all the news headlines in advance at the beginning of the year, this is not the outcome you would have predicted!
SP500 6.04
RSP 6.10 (sp500 eq weight)
DFVE 8.10 (fortune 500 eq weight)
FSMAX 9.96 (total US market ex sp500)
QQQ 10.95 (nasdaq 100 cap weight)
QQQE 8.71 (nasdaq 100 eq weight)
VXUS 10.53 (global ex-US)
BRKB -7.39 swing you bum <:-)
