2026-01-09 10:26:39

The mid-term bull market is most prone to dramatic shifts between large-cap and small-cap stocks, with the early and late stages often exhibiting vastly different styles.

Looking at the previous two clear bull market cycles reveals a pattern:

From 2005 to 2007, the initial phase was dominated by small caps, followed by a phase where large caps took over, and then small caps became active again. It was only in the late stage that large caps finally established their dominance.

The rhythm from 2013 to 2015 was slightly different. Small caps performed remarkably well in both the early and mid-stages. After a turning point in the mid-stage, large caps began to emerge, but by the end of the bull market, small caps once again became the winners.

This phenomenon of alternating between large-cap and small-cap stocks indicates that a bull market is not simply a one-way rise but a rotation game between different styles. While chasing hot topics, investors must also pay attention to changes in market rhythm; otherwise, they risk buying high and getting caught in a trap.

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LiquidityOracle

· 01-10 12:47

After watching for a while, I still can't figure it out. Should I copy small caps or large caps? --- The mid-term switch is indeed easy to get trapped; last time I didn't pay attention to the market rhythm... --- So, what stage are we in now? Looking for expert guidance --- This round of market feels a bit chaotic; the pattern might have already changed --- That's correct, but in actual operation, it's still easy to be driven by emotions --- It's both rotation and speculation, sounds complicated, but actually just need to stay steady and not be impulsive, right? --- Historical patterns are beautiful, but the question is, will this time follow the usual routine? --- The most dangerous is the mid-term, switching between large and small caps is the easiest way to step into a trap

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TooScaredToSell

· 01-09 22:15

The mid-term switch is the harshest; if you're not careful, you'll be left behind.

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MaticHoleFiller

· 01-09 10:56

Oh my god, this market movement has really trapped me several times. I thought just holding onto small caps would be enough. Chased after a lonely trade, now I start to doubt whether I am a contrarian indicator. Mid-term switches can't be defended, just a slight change in rhythm and I'm stuck. That's why some people always say making money is hard; even if you pick the right direction, you still need to catch the right timing.

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BearWhisperGod

· 01-09 10:56

My goodness, it's that rotation theory again. Every time, it sounds so convincing, but in the end, isn't it just luck? It's easy to talk about chasing highs and getting caught, but when it comes to actually executing, who hasn't been cut? Mid-term switching definitely exists, but the problem is no one can pinpoint the exact timing—it's all armchair strategizing after the fact.

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StableBoi

· 01-09 10:53

Mid-term switching really tests your mindset. I had a setback here last time. --- So the core is not to stick stubbornly to one track; you need to rotate with the rhythm. --- By the way, isn't this also in the mid-term stage? Why does it feel like both large and small caps are dull? --- Chasing hot topics is easy, but identifying the turning points is hard. --- Why are some still trapped in the market despite such obvious historical patterns? --- A good sense of rhythm is really the key to making money. How do you analyze the technical aspects? --- Damn, I got caught chasing the high again, just didn't react in time to switch signals.

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PerennialLeek