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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
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.