U.S. Small Caps at Two Crucial Junctures, Strategist Says
- Russell 2000 has been underperforming S&P 500 for weeks
- Smaller stocks also struggling to break above their 200-DMA
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Smaller U.S. stocks may be worth watching right now for both their relative performance and their technical picture.
The Russell 2000 index of small-cap stocks has fallen 1.5 percent since Feb. 22, while the S&P 500 index, which tracks the biggest American companies, has risen 4 percent. And that difference could bode ill for the entire stock market, equity strategist Matt Maley of Miller Tabak + Co. wrote in a note Friday.