The graph on the left below, courtesy of Arbor Data Science, shows that $8 billion of funds flowed into U.S. large-cap ETFs, leaving every other broad ETF sector in the dust. Not surprisingly, U.S. large-cap stocks, consisting of the S&P 500 and, importantly, Nvidia, outperformed the market. The other ETF factors, such as small and mid-cap, staples and discretionary, and thematic, all saw flat to negative fund flows.
Every Tuesday, we give readers a glimpse of our proprietary relative and absolute analysis on SimpleVisor. The analysis helps us appreciate which sectors and stock factors are moving into and out of favor. For instance, the graphic on the right below shows ETF factor performance. The relative score is based on a series of technical readings of the price ratio of the specific factor ETF to the S&P 500 (SPY). The absolute score uses the same technical readings but only on…
