Are Small Caps a Sleeping Giant Right Now?
SGSweetgreen(SG) Schaeffers Investment Research·2024-10-16 01:09

Subscribers to Chart of the Week received this commentary on Sunday, October 6. Small cap stocks were a feel-good story back in the summer, a feather in the cap of a resilient economy. The Russell 2000 Index (RUT) was reclaiming $2,000 and looking to make a run at 2021's record highs near $2,400. The RUT, moving in lockstep with the S&P 500 up the charts, was even more noteworthy given how sensitive small caps are to sticky inflation data and the high interest-rate environment Wall Street was in just three ...