Making Hay Monday - November 6th, 2023

Featuring material from Haymaker friend Vincent Deluard

Charts of the Week

Last Friday’s Haymaker made the point that small cap stocks and the banking sector have dramatically trailed the S&P in recent years. Lest you think I was overstating this case, please see the below images. They did snap back smartly during the recent rally in stocks and bonds; despite attractive valuations, I’d be careful chasing them…