Wednesday, August 6, 2014
IWM turning to outperform SPY
One positive takeaway from yesterday is that the R2K did one heck of a lot better than the S&P 500.
And it is continuing today, with .INX up 0.37% while IWM is up 0.92%.
In fact, I find the ratio chart interesting:
If the ratio has bottomed, the overall US market should be about to pop back up. I mean, small-cap is just large-cap on steroids, right?
Then again, maybe this is turning because large-cap is getting negative news from Europe, while maybe small-cap is more US-facing.
Let's see what happens.