Monday, July 14, 2014
R2K has been underperforming
Here's two ratio charts:
The Russell 2K has underperformed the Nasdaq since last summer.
And it's similarly underperformed the S&P 500 since this past winter.
Any reason why, do you think? And are we nearer a point where IWM underperformance sees a bottom and turns around?
Underperformance to QQQ has been more brutal, but maybe that's because of the growth story for tech relative to the growth story for small-caps.