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US small caps, represented by $IWM, are facing challenges as they fall to fresh 24-year lows compared to large caps. Correlations between US large and small cap stocks have been at historic lows since 2017, exacerbating the situation. Despite expectations of outperformance post-rate cuts, small caps are struggling to rally amidst increasing rates.
Rusty red for the year $IWM https://t.co/kaJfCZEVSL
$IWM is about to trade outside the lower Bollinger Bands today. Pretty rare. Big tell that it didn’t rally with rates going lower last few wks. Now rates headed higher it is getting slammed. With that said, worth trying to see if it can get an intraday bounce here or tomorrow.
$IWM is about trade outside the lower Bollinger Bands today. Pretty rare. Big tell that it didn’t rally with rates going lower last few weeks. Now rates headed higher it is getting slammed. With that said, worth trying to see if it can get an intraday bounce here or tomorrow.