Russell 2000 Gauge Trails S&P 500 by the Most in Decades
Smaller U.S. companies are weaker relative to larger peers than they have been in more than a quarter century. This conclusion is based on a comparison made by Strategas Research Partners LLC in a Twitter post Wednesday. Strategas cited the percentage of stocks in the Russell 2000 and S&P 500 indexes which exceeded their 50-day moving average, a gauge of price trends. Just 50.7% of the Russell 2000’s components were above the average as of Tuesday’s close, according to data compiled by Bloomberg. The index trailed the S&P 500 by 40.2 percentage points, the most since the figures began in 1995.