Highlights
- While our Risk Gauge remains optimistic, suggesting that small caps should join the party soon, we walk through recent key developments for the IWM in today's report.
- We are encouraged by the fact that small cap relative performance registered a bullish divergence at January's low.
- We believe the stage is set for small caps to take over in 2025, but not before a bit more back-and-forth price action that could entail another low from. . .