We often mention how it’s just a few large tech stocks which continue to drag US indices ever higher and this is perfectly illustrated by the small cap Russell 2000 index which peaked in Q1 i.e. this index represents the smallest 2000 stocks in the Russell 3000 or ~8% by market cap. While we remain bullish into next year a washout below its March lows we believe would provide an excellent risk / reward buying opportunity – one for the hitlist.
MM is bullish the Russell 2000 index into 2022
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