What does the value line arithmetic index represent in the context of stock market analysis?
Verrone: Average Stocks are Doing Better Than Markets

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2.
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How have small-cap stocks performed compared to the index recently, according to the text?
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3.
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What factors are mentioned as supportive for smaller cap issues to lead in the market?
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4.
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What is the significance of the new president being inaugurated on January 20th in relation to market conditions?
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How has the leadership picture in the market changed according to the analysis provided?
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