US Small Caps Hit Record High As US Macro Data Dumps To 11-Month Lows

Another day, another short squeeze and the Russell 2000 index of US small cap companies, has just hit a new record high...

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The narrative of small-cap outperformance has been "domestic" safety vs overseas trade war scares (as a reminder, here's why that is a false thesis)...

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Which is odd given that "domestic" data has collapsed in recent months...

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Probably nothing...