To say that December has been a good month would be an understatement. Of the 19 trading days so far, the S&P 500 is up in 16 of them for a total gain of 6.6%. Taking a broader look at the S&P 1500, which includes large cap, mid cap, and small cap stocks, the numbers have been just as impressive. The S&P 1500 has seen 15 up days out of 19 for a total gain of 6.7%.
With so many up days this month, one would think that there would be several stocks in the index with just as many up days. However, looking at each of the individual stocks in the S&P 1500 we found that there are only 31 names (2.1%) that have seen more up days (16) than the index itself (15).
Furthermore, there are only five stocks, including FNFG which is up in each of the last 15 trading days, that have seen 17 or more up days this month. This indicates that while the overall index has been rising, there has been a degree of rotatioin within the index itself.
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