Wednesday, October 31, 2007

Rate cut, high relative pop for the NXTQ


Though not the practice of this site to worry/wonder about the index on the day to day performance, but today seemed worth mentioning (aside from a new high). On this 1/4 point Fed rate cut day, where all the indexes did well, it is hard to ignore that NXTQ outperformed the major indexes (chart).
This bodes well for NXTQ in a up market, as we might have guessed, but seems like a worthwhile data point for this young index.


No comments:

Post a Comment