NASDAQ to NYSE Ratio

One of the amazing things the last couple of years as been the run in large tech names. The question is: will that run stick? As I mentioned on a previous post they can’t outperform forever.

Another way to look at the current environment is the ratio of the NASDAQ index to NYSE. Here is the ratio over time:

I’m not sure I need to add a lot of commentary to this graph, but this is the largest this ratio has ever been. I think some of this is permanent, but some of it is probably … temporary.