Long Term Secular Trends in Small Cap Stocks

The long term secular trend in small cap stocks reflects devaluation through inflation. Similar to large caps, small cap stocks are bounded within a depressionary or devaluation box.

U.S. Small Cap Stocks Total Return Index (SCSTRI):


While small cap stocks outperform large caps within devaluation boxes, they underperform gold.

U.S. Large Cap Stocks Total Return Index (LCSTRI) to U.S. Small Cap Total Return Index (SCSTRI) Ratio:


U.S. Small Cap Total Return Index (SCSTRI) to Gold Ratio: