The Russell 2000 index, which tracks small-cap stocks in the U.S., was up 6.5% this year through Thursday, according to FactSet data. That beats the 3.7% gain for the S&P 500, a gauge of large-cap stocks in the U.S., over the same period.The Russell 2000 index, which tracks small-cap stocks in the U.S., was up 6.5% this year through Thursday, according to FactSet data. That beats the 3.7% gain for the S&P 500, a gauge of large-cap stocks in the U.S., over the same period.
The Russell 2000 RUT has also outperformed the blue-chip index Dow Jones Industrial Average and technology-laden Nasdaq Composite this year through Thursday. A chart in his note highlights the valuation of the S&P Small Cap 600 index SML relative to the S&P 500.
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