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The big loser yesterday has come roaring back today. We are looking at gains after a bit of a pullback yesterday. The nasdaq up nearly half a percent. Putting in a new alltime high. It does follow the more than 1 drop yesterday. The russell 2000 still about 1 below its record high. There are some strategists who think the russell 2000 shopping is could be a precursor for a nearterm pullback for the major averages including Katie Stockton of btig. We could see a nearterm pullback for the major averages. Would refreshs it a potential year and rally. Lets take a look at the small cap underperformance. Its a one year chart of the russell 2000 to the s p 500. Overall not doing much over the last six months. That going into september. Big smallcap outperformance. Lots of these companies are very u. S. Based. Very sensitive to the tax policy. Over the month of october really underperforming. This could be a tell on whats ahead for the s ....
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