- Leading indicator? Trailing? Coincident? The Russell 2000 (IWM -1%) has begun to diverge from the S&P 500 (SPY -0.2%) over the past couple of sessions, and not in a good way.
- The index of small caps has led the way in the big stock rally over the past year, outperforming the big cap gauge by more than 1000 basis points. Its most recent strong relative move has come since mid-September when the Fed backed away from the expected taper.
- Russell 2000 ETFs: IWM, VTWO, EWRS, SRTY, TWM, RWM, TNA, URTY, UWM, TZA, SMLV, TWOK.
Small caps slide as S&P 500 remains flat
Oct 30 2013, 12:17 ET