Pay Attention to Small Caps

$IWM

Small caps have been moving sideways for about 2 years. That might be changing. The IWM 0.00%↑ has made a monster push, really since November, and looks to be positioned for more in 2024.

The table above shows the percentage each index is from their peak. The Dow, S&P, and Nasdaq are all at highs, the Russell has room to run. If momentum continues into the new year, I’m looking at small caps to cut into that differential.