Lowry Weekly ETF Commentary: November 10, 2023

With the S&P 500 recently trading near its downtrend from July, some investors have the perceived notion that all is well for many stocks in the market. While at the index level this appears to be true, under the surface, the short-term rally has been primarily fueled by the largest stocks. Indeed, the market appears to have a persistent preference for the largest, highest (perceived) quality stocks.