Once again, the S&P 500 and Dow Jones Industrial Average outperformed relative to the NASDAQ and Russell Indexes. This week, imports came in much higher than expected, causing economists to revise down their GDP estimates. Investors continued to dial back exposure to smaller-cap stocks and momentum names, turning their attention to large-cap, dividend payers. TheStreet’s Jill Malandrino reminds investors that though the VIX hasn’t moved much, the fear index is based on S&P 500 options, not momentum names. For the week ahead, many of these beaten up names report and the economic calendar is full, including manufacturing, industrial, housing and consumer data. Janet Yellen and two other Fed presidents will also speak next week.
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