The Russell 2000... the index of smaller, less glamorous American companies that almost never gets mentioned... closed above 3,000 for the first time in its history.
It's up better than 20 percent this year, while the S&P has managed less than half of that.
Meanwhile, the names everyone has been crowding into stepped back. Alphabet fell sharply on worries about talent walking out of its AI teams.
Amazon, Meta, and Microsoft all dropped. The money did not leave the market. It rotated... out of the expensive, crowded corner and into the parts that have been ignored for years.
When the index nobody talks about starts setting records while the crowd favorites stall, the market is trying to tell you something.
Is your portfolio is built for the leaders of the last three years... or the next three?
- Greg
Watch this ASAP
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