Chart of the Day – July 24, 2020

By: Chris Wenner in Charts 07/24/2020

Over the past couple of days, the Russell 2000 Index has both broken above its downtrend, and has also recaptured and closed above its 200-day moving average.  For a couple of months, small caps were slow to rebound vs. the S&P 500 after the March-bottom – but have recently gathered some momentum.  Watch the Russell 2000 (or IWM as the ETF proxy).  Small caps are an important gauge on the economic recovery –

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By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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