The current scenario is indeed remarkable: the Nasdaq 100 to Russell 2000 ratio has surged to unprecedented levels, now sitting 10% above its 2020 peak and 6% above its 2000 peak.
This is incredible:
The Nasdaq 100 to Russell 2000 is now 10% above its 2020 peak and 6% above its 2000 peak.
In other words, the Nasdaq has never been more expensive relative to the Russell 2000.
At the start of 2020, the Nasdaq 100 to Russell 2000 ratio was just 5.1x, it's… pic.twitter.com/I0PRXcNLE9
— The Kobeissi Letter (@KobeissiLetter) November 15, 2023
Big Tech seems popular 🤔 pic.twitter.com/V3U44A58xv
— Win Smart, CFA (@WinfieldSmart) November 15, 2023
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