The Russell 2000 is still in a bear market, down by 20% from its prior peak in 2021. The S&P Momentum Long has seen a 19.6% increase since November 30, while the Russell $IWM short is down 6% since December and 20.1% from cycle highs in 2021. The Russell 2000's performance has shifted drastically, initially outperforming the S&P 100 by over 10 percentage points in five weeks, but now underperforming by the same margin in the last five weeks.
Talk about indecision. Less than two months after the Russell 2000 outperformed the S&P 100 by over 10 percentage points in five weeks, it's now underperforming the S&P 100 by over 10 percentage points in the last five weeks. https://t.co/5tyTDZ0aFQ
"Perma Bears"? Our S&P Momentum Long Disagrees š $SPMO is up 19.6% since @KeithMcCullough went long on November 30. š Our Russell $IWM short is down 6% since December and down 20.1% from cycle highs in 2021. From today's Early Look: https://t.co/XwFxDzt5Ev
"Perma Bears?" Our S&P Momentum Long Disagrees š $SPMO is up 19.6% since @KeithMcCullough went long on November 30. š Our Russell $IWM short is down 6% since December and down 20.1% from cycle highs in 2021. From today's Early Look: https://t.co/XwFxDzsxOX
Russell 2000 is still in a bear market (down by 20% from prior peak in 2021) [Past performance is no guarantee of future results] https://t.co/M6j6q9bD8e
Remember a ton of bulls said this is the year Russell 2000 small caps will outperform the S&P500. YTD: $IWM -5% $SPY +5% š¤