Nasdaq Losing 2012 Lead Fast

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 |  Includes: IVV, ONEQ, PSQ, QID, QLD, QQEW, QQQ, QQQE, SPY, SQQQ, TQQQ, VOO
by: Bespoke Investment Group

Up until just recently, the Nasdaq Composite was enjoying a wide lead against the S&P 500 in terms of 2012 performance. That lead has evaporated over the last two weeks since earnings season began. Including today's big decline, the Nasdaq is now outperforming the S&P 500 by just 1.35 percentage points in 2012. Will the lead soon flip to a lag? At this rate, it could be lagging by the end of the trading day.

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