Why weakness in small caps may be a short-term setback
Publishing timestamp: 2024-01-26 21:04:13
Summary
The article suggests that small cap stocks, represented by the Russell 2000 index, may be on the verge of a turnaround. The underperformance of small caps so far this year is seen as a temporary setback, and market technician Katie Stockton believes that small caps will have a better year ahead. The decline in the Russell 2000 has shaken investors' confidence, but Stockton believes that there are positive signs of improvement in relative performance. The Russell 2000 had a strong fourth quarter rally, and Stockton anticipates further positive momentum for small caps.
Sentiment: POSITIVE
Tickers: .SPX, .IXIC, IWM, .RUT, .DJI,
Keywords: dow jones industrial average, markets, business news, stock markets, personal investing, breaking news: markets, russell 2000 index, breaking news: investing, ishares russell 2000 etf, wall street, s&p 500 index, nasdaq composite, investment strategy,
Source: https://www.cnbc.com/2024/01/26/why-weakness-in-small-caps-may-be-a-short-term-setback.html