The Russell 2000 Index, represented by $IWM, is struggling to surpass last year's highs and remains below 2021 levels. The index has experienced significant fluctuations, with a -19.1% drop from its peak in 2021. Recent data shows the index down 3.5% for the year, while the S&P Equal Weight Index is up 0.85% and the Dow is up 0.05% for the year. Additionally, the percentage of Russell 2000 stocks above their 20-day moving average is at single-digit levels, a low not seen since September 2022.
Risk off: #DOW 37637 -0.34% #SPX 4990 -0.40% #NASDAQ 17299 -0.54% #RUSSELL 1937 -0.46% #FANG 9560 -1.01%
US Update: #DOW 37962.14 +0.55% #SPX 5032.03 +0.20% #NDX 17498.1 +0.03% #RTY 1954.97 +0.36% #VIX 17.88 -0.33
RUSSELL 2000's Crash I'm sure the Old Wall and its media were all over this yesterday... But, as a reminder, the Russell 2000 (heavy weight in 60/40 Portfolios) is in the midst of a -8% Drawdown, crashing -20.3% from its Cycle Peak in 2021 https://t.co/rfMCk8s16C
Russell 2000 with % of stocks above their respective 20 day moving average in single digits (9%) for the first time since September 2022 (7%)... $IWM $RUT $RTY_F https://t.co/0JsJwULHcl
Russell 2000 $IWM back to levels not seen since....since... February 2024 https://t.co/Br3y3CRWhp
The Russell 2000 is now down 3.5% for the year. The S&P Equal Weight Index is up just 0.85% for the year. The Dow is up 0.05% for the year.
Did you know that the Russell 2000 is down -19.1% from its Cycle Peak of 2021? https://t.co/FlFzt0Z0vx
πMajor index returns for March: Russell 2000: 3.58% MSCI Developed Markets: 3.40% S&P 500: 3.22% Russell 1000: 3.21% MSCI Emerging Markets: 2.52% Dow Jones Industrial Average: 2.21% NASDAQ: 1.85% https://t.co/KmYoL6LOTZ
US Update: #DOW 38074.86 +0.24% #SPX 5129.82 +0.13% #NDX 18016.4 +0.07% #RTY 1993.76 -0.47% #VIX 17.57 +0.26
The Small-cap Russell2000 Index is right back to where it was in February and still stuck below last year's highs. It's also nowhere near its 2021 highs. $IWM https://t.co/sMDL85dNBk