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#Breaking: Russell 2000 just hit 2,999 — a fresh all-time high.
This is more important than Nasdaq or S&P records.
Small caps are the most honest barometer of the real US economy. They borrow locally, hire locally, and live and die by domestic demand. No big international revenue to hide behind.
Higher rates were supposed to kill them.
War and inflation were supposed to crush them.
Recession fears were supposed to bury them.
Instead, they’re making new all-time highs.
If Russell breaks and holds 3,000 this week, the message is clear:
The US economy is stronger than the headlines suggest — and this rally has more room to run.
Point to note that Strong small-cap performance has also been a reliable leading signal for crypto in past cycles.
ISM 54 also indicate very bullish for Russell as well as Crypto.
Rest DYOR.