U.S. stocks have moved higher the past month and the outperformance of small-cap ETFs versus the S&P 500 shows investors are willing to take on more risk.
“The small caps have been outperforming since mid-June. Strength from this field is encouraging as they typically lead the market higher,” says Investors Intelligence technical analyst Tarquin Coe. [An Overview of Small-Cap ETFs]
“On the iShares Russell 2000 chart the 50-day exponential moving average is turning up following a test of the 200-day EMA, indicating the start of a new uptrend,” he wrote in a newsletter Monday.
iShares Russell 2000
- iShares Russell 2000