What the performance of Large-cap growth stocks might mean going forward

Key points:

• While breadth, price action, and interest rates are currently suggesting potential trouble, one price momentum measure just flashed a favorable signal
• Historically, a powerful thrust in price action often leads to follow-through, as the thrust acts like a rocket being launched
• The recent action of the Russell 1000 Growth Index (tracked by ticker IWF) is detailed below, as well as the historical implications

Large-cap growth just experienced a price thrust

The trend and outlook for the stock market are never 100% clear. Recently, the stock market has experienced some "churning" under the surface, and a variety of near-term warning signs have emerged. Meanwhile, at exactly the same time, large-cap growth stocks have quietly surged.

The iShares Russell 1000 Growth ETF (IWF) tracks the Russell 1000 Growth Index. The table below highlights the top 10 holdings. The names come as no surprise, as they represent the biggest and most well-known companies in the world.

As always, many will make a reasonable argument why these stocks are destined NOT to continue to rise. But - also as always - we like to analyze historical numbers and not anyone's "prediction" abou