News


Up 5.31% on the year

The small cap Russell 2000 index is making a new all time high, taking out the January 24 high at 1615.517.  It traded up to 1616.34 so far.  

The index is up 5.31%. That is higher than the S&P (up 1.95%) and the Dow (up 0.24%), but below the Nasdaq which is up 7.3% now.  

Lower regulation and the tax windfall from the lower corporate tax rate is benefiting the group. Plus, the higher dollar tends not to hurt the small caps vs the larger multi-nationals. So there is that rotation that is occurring from the portfolio managers who “shuffle the spaghetti around their investment portfolio plate”.   

For the day the Russell index is up 1.07%. The S&P is up 0.5%. The Nasdaq is up 0.74% and the Dow is up 0.28%.



Source link

Articles You May Like

EURUSD trades to new session lows after up and down after retail sales
The CHF is the strongest. The GBP is the weakest as NA traders enter for the day
US retail sales miss but trade worries rise
Atlanta Fed GDPNow remains at 4.4% in their current estimate
Goldman Sachs ‘bottom line’ on the Reserve Bank of Australia

Leave a Reply

Your email address will not be published. Required fields are marked *