|Bid||84.53 x 900|
|Ask||86.51 x 800|
|Day's Range||84.93 - 86.22|
|52 Week Range||55.02 - 101.44|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-13.83%|
|Beta (5Y Monthly)||1.28|
|Expense Ratio (net)||0.60%|
Bullish chat patterns on small- and micro-cap stocks across the U.S. suggest that we could be in the early stages of a long-term uptrend.
Stocks, bonds, currencies, and commodity markets traded nearly unchanged during the hours of yesterday's abbreviated session at the New York Stock Exchange. The price of silver and gold were notable exceptions, however, as these markets broke significantly higher. The price of silver rose nearly 2%, while gold increased by 1%.
Micro-caps, the group of stocks with lower market values than small-caps, can be a tricky segment. Within the micro-cap realm, there are opportunities to generate significant upside while potentially outperforming ...
Market indexes jumped higher early in the session and didn't give back their gains to end the day. While the S&P 500 (SPX), Nasdaq 100 (NDX), and Dow Jones Industrial (DJX) indexes all surged higher, it was the small- and micro-cap indexes that showed the most dramatic movements by far. The chart below shows how iShares' index-tracking ETFs for both the Russell 2000 (IWM) and the Russell Microcap (IWC) closed over 2% higher and posted their highest close in the past six months.
The S&P 500 hesitated at historic highs. Micro caps have surged since September's start, with Chef's Warehouse breaking to new highs.
The large capitalization S&P 500 Index (SPX) has soared to new record highs, up by 7.0% for the month through the close on June 24, while the small cap Russell 2000 Index has advanced by 4.4%. The buying action in stocks reflects a resurgence in TINA, the view that "There Is No Alternative (To Stocks)" given that the yield on the 10-Year U.S. Treasury Note has dipped below 2% and the futures market is forecasting at least two more interest rate cuts by the Federal Reserve in 2019, per a column in The Wall Street Journal. From the close on June 22, 2018 through the close on June 24, 2019, the S&P 500 has gained 7.3%, while the Russell 2000 has fallen by 9.2% of its value and the iShares Microcap ETF (IWC) has plummeted 16.6%.