Core Insights - Large-cap stocks tend to outperform small-cap stocks in the fourth quarter due to increased institutional investment and portfolio rebalancing strategies [1] Group 1: Market Dynamics - Institutional investors often allocate more funds to large-cap stocks during the fourth quarter, driven by the need to meet year-end performance benchmarks [1] - The trend of "follow the money" indicates that as large-cap stocks receive more attention and investment, their prices tend to rise, further attracting more capital [1] Group 2: Performance Trends - Historical data shows that large-cap stocks have consistently outperformed small-cap stocks in the fourth quarter, with significant percentage differences in returns [1] - The fourth quarter is characterized by a seasonal effect where large-cap stocks benefit from increased liquidity and investor confidence [1]