FYI:
.The Russell 2000 has rallied 16.5 percent in 2019, the third best start to a new year.
.However, in the previous five best starts to the new year, the next three months for small caps were weaker than average and the rest of the year only saw a 1.2 percent gain, according to Jefferies,
."Can't draw up a better start to new year than this, however we need a pullback," says Steven DeSanctis, a Jefferies strategist.
.Wall Street is now foreseeing a 2.9 percent decline in small-cap earnings in the first quarter, according to FactSet.
Regards,
Ted
https://www.cnbc.com/2019/02/19/booming-rally-in-small-cap-stocks-reaches-historic-proportions.html
