Earlier this week, we highlighted the emerging setup in small caps. On our U.S. index table, the Russell 2000 ETF $IWM flipped to green, while Micro Caps $IWC stand out as the strongest index on the list.
Extending the conversation to U.S. sectors, the same story is beginning to unfold.
Several small-cap sector ETFs are turning green, all while carving out significant multi-year bases.
This is truly a market where a rising tide lifts all boats. The areas that have lagged are now catching up to the leaders in a meaningful way.
Small caps, in particular, look to be emerging as another compelling opportunity in this broadening bull market.
