Traders on the floor of the New York Stock Exchange
Source: The New York Stock Exchange
The Russell 2000’s blistering run to start the year may have gone far enough, according to several metrics tracked by Bespoke Investment Group.
The small cap index jumped 2.5% on Monday, bringing its year to date gain to nearly 16%. The group has surged 137% since it bottomed out last March. Small caps are often viewed as cyclical stocks, making them an attractive play for many Wall Street strategists as economists predict a strong economic recovery later this year.