For the first time in awhile, the Russell 2000 is keeping pace with the S&P 500 in this rising market. Below is a ratio chart of the RTY Index (Russell 2000) vs. the S&P 500 over the past one month. The two indices are virtually even over this stretch.
For 2020, the Russell 2000 is lagging the S&P 500 (total return) by almost 11%. Small caps may continue to be an attractive catch up trade.
Source: Bloomberg & Wennco LLC
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