Stocks Buffeted by Macro Forces

by David Brown, Chief Market Strategist, Sabrient Systems

What does the market want, anyway? I know that's the name of this newsletter, but it's not an easy question to answer in recent months, and especially in the last couple of weeks.

Last week, the market was very selective, with only Large-cap Growth in positive territory -- think Apple (Nasdaq: AAPL), Amazon (Nasdaq:  AMZN), and American Express (NYSE: AXP). All other cap/styles were negative -- and the smaller you were, the more you lost. In fact, this entire month the market has beat up on small-caps with its "the smaller you are, the more you lose" bias.