S&P 500 Up 11% While Its Average Stock Fell 27%

The S&P 500 is up 11% this year, yet its average member suffered a 27% drawdown, and Nasdaq members nearly 49%. Learn why cap-weighted indexes now hide rolling bear markets, and why valuing each business on its own matters more than ever.

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Chapters

(0:00) S&P 500 Surface Illusion

(1:55) Whipsawing Breadth: Rapid Rotation

(4:01) Sector Leadership Lacks Theme

(4:42) Earnings Engine Defies Patterns

(5:18) Small-Cap Quality Premium

(6:59) Earnings Engine Defies Patterns

(9:07) Tools for Intelligent Investors

(9:27) Get the apps

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Deep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.

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Disclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.

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Original source

What's the S&P 500 Signaling Under the Surface | Market Snapshot, November 2026