There have been very strong secular trends in play for the last decade. So, I wanted to take a moment to highlight those for you.
The last ten years have been largely characterized by a domination of U.S. large cap growth stocks over every other major asset class.
- The U.S. stock market has dominated foreign markets and commodities
- Within the U.S. market, large cap stocks have dominated small cap stocks
- And within U.S. large cap, growth stocks have dominated value stocks.