Small caps plummeted 20% in two months last time this happened (via TradingNation)
which tracks small-cap stocks, just entered a death cross where its shorter-term 50-day moving average moved below its longer-term 200-day moving average. This typically marks a quickly decelerating trend.
The Russell 2000 index has fallen 5% in the past three months, a deeper decline than the 2% drop on the broader S&P 500."We got a new bullish inflection in that 200-day moving average for the first time in a year. I see that as a positive," he said., president at Strategic Wealth Partners, says the timing of small-cap weakness is most important as an indicator for the broad market.
There are a few reasons for this, he says. First, small-cap stocks tend to be more highly leveraged and therefore more susceptible to economic downturns. The fact that a large number of the stocks are in the financials or industrials sectors also accounts for weakness during slowdowns.
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