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Small-caps $IWM are underperforming large-caps $SPY by nearly 200 basis points today!
Small Caps Lagging: $IWM underperforming $SPY by 2.75% this week. https://t.co/bku2OMqudi
Today $iwm > $spy > $qqq #SmallCaps It doesn't happen often, but when it does, you have to 🥳🎉 GUTS stocks did OK too, some nice earnings.
Small-cap ETF $IWM is overbought compared to large-cap ETFs $SPY and $QQQ, with $IWM underperforming $SPY by 2.75% this week and nearly 200 basis points today. It is expected to correct. The unusual outperformance of $IWM over $SPY and $QQQ is a rare occurrence, with some positive earnings in the small-cap sector.