More impressive, the Russell 2000 , which tracks
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Posted On: 12/30/2023 5:07:58 AM
More impressive, the Russell 2000
, which tracks the smallest 2,000 stocks in the Russell 3000 Index, gained 2.46% week to date, its sixth consecutive winning week. Small-cap stocks are more sensitive to gyrations in the broader economy, and so when they rise, it’s a sign investor — and corporate — confidence is returning.
“It underscores the breadth and depth of this holiday rally, which we think is going to bode well for investors moving into 2024,” Greg Bassuk, chief executive officer at AXS Investments said.
And that’s what everyone wants to see next year: stocks, not prices, showing strength.
, which tracks the smallest 2,000 stocks in the Russell 3000 Index, gained 2.46% week to date, its sixth consecutive winning week. Small-cap stocks are more sensitive to gyrations in the broader economy, and so when they rise, it’s a sign investor — and corporate — confidence is returning.
“It underscores the breadth and depth of this holiday rally, which we think is going to bode well for investors moving into 2024,” Greg Bassuk, chief executive officer at AXS Investments said.
And that’s what everyone wants to see next year: stocks, not prices, showing strength.
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