Small-Caps Are The Most Overbought In 14 Years

Well needless to say, small-caps have been on one helluva run of late.

The Russell is up more than 6% this month, marking a stark contrast with the S&P’s relatively meager gains and a testament to the notion that the “Trump trade” isn’t dead after all.

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So have we come too far, too fast? Well, who knows.

But as Bloomberg notes this afternoon, “the Russell 2000’s rise to another record high today has pushed up the 14-day RSI to 82.2, the highest since June of 2003.”

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So is that good news or bad news?

Hard to tell, right?