By: Elliot Turner
Once again, I want to focus attention on the Russell 2000. The index now has moved comfortably above its November highs and is within striking distance of the September/October double top. Seasonality plays a role in the reemergence of the small cap index, but also, so does risk tolerance in the marketplace. Leading up to and following the “Dubai Crisis,” the risk trade lagged broader markets significantly. That dynamic has changed in recent trading, opening the door for a rally into the New Year.
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