$IWM, the Russell 2000 ETF, experienced significant volatility recently. It initially broke out with potential upside targets in 2024 but later faced a sharp decline, dropping 4% and then 4.08% in a single day, marking its largest drop in over a year. Various analysts and traders commented on the market movements, with some noting the impact on small-cap value stocks and the broader market rotation away from tech stocks.
$IWM Whack-a-Mole in small caps continues with IWM trading -1.6% in pre-market following hot PPI. https://t.co/0iRMsrT15x
Cartoon of the Day: The Russell 2000 is still down 15% from its 2021 highs https://t.co/AX0MkbjhGQ https://t.co/gvNBPpshNs
Looks whoβs back over 200? $IWM https://t.co/2tBeL05dm1
All my homies long small cap value $iwm $rut $rty
Well - #microcaps are attempting a comeback today, particularly higher quality names (and those that reported positive earnings recently). Interestingly $iwm is still recovering (but as I say on my soapbox often, this is not a very high quality index). https://t.co/78fgN1kGwe https://t.co/ta0d8XlgwB
Small cap value is going to reap the most benefit of the rotation away from overvalued tech stocks imo $iwm $rut $rty
non-Broadening Russell 2000 got smoked for a -4.0% loss yesterday, taking its Full Investing Cycle Drawdown to -19.6% since its NOV 2021 Cycle Peak
Russell 2000 had its largest single day drop (-4.08%) IN over a year. Last time this happened was in June 2022. $IWM https://t.co/XdfnAly2kQ
Russell 2000 $IWM seeing its largest down day since Spring 2022. π€―π« https://t.co/IlrsGjDdwD
Pretty real when the Russell2000 index is down nearly 5% on the day https://t.co/uRWIsEZycI
$IWM is under a massive sell-off today. https://t.co/cvqTBTvIbe
Russell 2000 -3.2%
Iβm long small caps. I think thatβs it for today $iwm $rut $rty
Russell 2K $IWM down 4% today after gaining 4% since last Thursday afternoon. Was fun while it lasted for small-caps. https://t.co/ehSH6D0tOV
$IWM -4% Ouch.
Forward 12-month earnings estimates for Russell 2000 haven't moved much over past year ... still well below 2022 top https://t.co/DXmuxu8V5s
Great deals out there in small cap value land for those who donβt want to stick around for the collapse of the Mag 7 bubbles. Small cap value, bro. $iwm $rut $rty
$iwm big move after clearing the pocket pivot. Itβs $202+ now. Kind of took the CPI trade away for tomorrow. https://t.co/1okMeYhlv7
Small caps busting out. The rotation has arrived $iwm $rut $rty $spy
$IWM - Small caps finally breaks out π$215, $227-230, $244 are potential upside in 2024 #Small #Caps can move BIG this year if breakout holds - Crazy run like $SMH $SPY $QQQ https://t.co/QonMyAdynL