It's a "high-beta" rally today, says Eddy Elfenbein, with the leaders being small cap stocks -...

|By:, SA News Editor

It's a "high-beta" rally today, says Eddy Elfenbein, with the leaders being small cap stocks - the Russell 2000 (IWM) hitting an all-time high - tech, finance, and cyclicals. This is notable because high-beta rallies often pull along lower-quality stocks with them.