The small-cap Russell 2,000 is continuing its epic tear today with another gain of more than 2%. If today’s rally holds, this will be the Russell’s 5th straight trading day of 1%+ gains. There have only been four other five-day streaks of 1%+ gains in the index’s history dating back to 1979. Check out the parabolic short-term move for the Russell below:
The small-cap Russell 2,000 is continuing its epic tear today with another gain of more than 2%. If today’s rally holds, this will be the Russell’s 5th straight trading day of 1%+ gains. There have only been four other five-day streaks of 1%+ gains in the index’s history dating back to 1979. Check out the parabolic short-term move for the Russell below:
What’s more notable is that the Russell (small-caps) has rallied over the last week while the S&P 500 (large-caps) has done very little.
We were shocked to see this next stat when we were analyzing the recent action this morning:
If today’s move holds through the close, this will be the biggest five-day outperformance that the Russell 2,000 has ever seen against the S&P 500! The last five days would eclipse prior five-day stretches that ended on 10/19/87 (the ’87 Crash) and 3/25/20 (the post-COVID bottom).More By This Author:Better Than Expected Retail Sales
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