The Russell 2000 Just Hit a New All-Time High. Is it Time to Buy This Small-Cap ETF?
Portfolio Pulse from
The Russell 2000 index has reached a new all-time high, driven by factors such as the AI boom, falling inflation, and a resilient economy despite high interest rates. This raises the question of whether it's a good time to invest in the small-cap ETF, IWM.
December 01, 2024 | 11:15 am
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POSITIVE IMPACT
The Russell 2000 reaching a new all-time high suggests positive momentum for the iShares Russell 2000 ETF (IWM), which tracks this index. Investors may consider this ETF as a potential buy given the current market conditions.
The Russell 2000's new all-time high indicates strong performance in small-cap stocks, which IWM tracks. The positive market conditions, including the AI boom and falling inflation, support a bullish outlook for IWM.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90