Seeking Alpha
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As we mentioned earlier, all three of the major indices have hit new bull market highs today, but what are the midcap and smallcap indices doing? As shown in the charts below, neither the S&P Midcap 400 nor the Smallcap 600 have made it to new highs yet, so the large caps are leading the way in the most recent run-up.

click to enlarge

Spxhi

Spxmcap

Smallcaprally

Source: Large Caps Lead the Way