The small-cap Russell 2,000 ETF ($IWM) experienced a tough start to the year, with a 3.9% decline in January. It continued to face challenges, with additional declines in February. The Russell 2000 underperformed the S&P 500 by the most since March 2023. Market analysts highlighted the significance of the 50-day moving average for the Russell 2000 and XRT, emphasizing their potential impact on the broader market. Concerns were raised about the decline in Russell earnings and revenues, despite the market's net long positioning of the Russell being in the 94th percentile. The performance of the Russell 2000 small caps remained poor, with a 5% decline year-to-date and the threat of new all-time lows relative to the Nasdaq-100.
The $IWM again threatening to make new all time lows relative to the $QQQ. If you are a bull, stick with the Nasdaq-100. Avoid the Russell 2000 between the two if you must. “But but but MEAN REVERSION?!” No.
Remember a ton of bulls said this is the year Russell 2000 small caps will outperform the S&P500. YTD: $IWM -5% $SPY +5% 🤔
Russell 2,000 $IWM down 1%+ again. It is a day that ends in Y, so…
Russell 2000 by The Rooster @HedgeyeAI Did you know Russell earnings are down -25% this quarter with revenues down -3.8%? Are you confused why the market’s net long positioning of the Russell is in the 94th percentile? Did you know if you are invested in a 2030 target…
Russell 2,000 ETF $IWM down 1.2% on the day. Not a good day in small-cap land.
Besides $XRT, Russell 2000 $IWM sits on the 50 DMA. For macro, both need to hang in there. And both could lead us to a much stronger market if they do. IF is key. https://t.co/c68RHcbgUa
January ended up being a tough month for small caps … Russell 2000 underperformed S&P 500 by most since March 2023 [Past performance is no guarantee of future results] https://t.co/ZH2DAHbzY2
The small-cap Russell 2,000 $IWM was down 3.9% in January. Not a great start to the year.