The leading stock market indices all rose to record highs in 2021. Over the first six months of this year, the S&P 500 posted a 14.4% gain. The DJIA moved 12.7% higher, and the tech-heavy Nasdaq was up 12.5% from its closing level at the end of
The Action In The IWM Reflects U.S. Economic Challenges
Summary
- The IWM is the Russell 2000 ETF product.
- Small caps have lagged the rest of the market over the past weeks.
- Small businesses continue to suffer from the pandemic.
- The baton may pass - for now, the short position is justified.
Todd "Bubba" Horwitz mangaes Bubba Trading. Bubba is a trader and educator with over four decades of experience in the rough-and-tumble futures and options trading pits in Chicago. He appears on all of the major business networks as a contributor.
Analyst’s Disclosure:I/we have a beneficial short position in the shares of IWM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The Algo Portfolio System is long the SPY, QQQ, and DIA. The system is dynamic and positions can change each day depending on market conditions.
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