Small Caps Gain Momentum In June, Potential Trend Reversal: Russell 2000 Top Performing Stocks
Portfolio Pulse from Piero Cingari
Small-cap stocks gained momentum in June, with the Russell 2000 Index outperforming larger-cap indices. The iShares Russell 2000 ETF (IWM) beat the S&P 500, Nasdaq 100, Dow Jones, and Russell 1000, indicating a potential trend reversal. Banks, energy, and industrials sectors contributed significantly to the rally.
June 08, 2023 | 8:00 pm
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NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) was outperformed by the iShares Russell 2000 ETF (IWM) in June.
The underperformance of the Dow Jones Industrial Average ETF (DIA) compared to the iShares Russell 2000 ETF (IWM) in June could indicate a shift in investor focus towards small-cap stocks, potentially leading to a short-term negative impact on DIA.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
The iShares Russell 1000 ETF (IWD) was outperformed by the iShares Russell 2000 ETF (IWM) in June.
The underperformance of the iShares Russell 1000 ETF (IWD) compared to the iShares Russell 2000 ETF (IWM) in June could indicate a shift in investor focus towards small-cap stocks, potentially leading to a short-term negative impact on IWD.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) was outperformed by the iShares Russell 2000 ETF (IWM) in June.
The underperformance of the Invesco QQQ Trust (QQQ) compared to the iShares Russell 2000 ETF (IWM) in June could indicate a shift in investor focus towards small-cap stocks, potentially leading to a short-term negative impact on QQQ.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) was outperformed by the iShares Russell 2000 ETF (IWM) in June.
The underperformance of the SPDR S&P 500 ETF (SPY) compared to the iShares Russell 2000 ETF (IWM) in June could indicate a shift in investor focus towards small-cap stocks, potentially leading to a short-term negative impact on SPY.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
The iShares Russell 2000 ETF (IWM) outperformed larger-cap indices in June, indicating a potential trend reversal in the market.
The outperformance of the iShares Russell 2000 ETF (IWM) in June compared to larger-cap indices suggests a potential trend reversal in the market. This could lead to increased interest in small-cap stocks and a positive short-term impact on IWM.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100