Nasdaq Outperforms NY Composite for First Time This Year

The Nasdaq underperformed the NY Composite ($NYA) from September to January as the $COMPQ:$NYA ratio plunged for five months (yellow area). The ratio stabilized over the last few months, but the Nasdaq did not start outperforming until this week when the ratio broke above its January high. The Nasdaq is now leading the NY Composite this year.

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