Growth Scare, What Growth Scare? Russell 2000 Screams To New Record High

Tyler Durden's picture

Despite 2014 consensus GDP now languishing at 2.2% (below its 2.9% hope in March, and gas prices near record highs for the time of year; it seems the Q1 growth scare that saw small caps, momos, biotechs, and half the Russell 2000 collapse has been all but forgotten as the favorite index of short-squeezes and algorithmic ignition has just recovered all its losses and regained its all-time record highs from March. Mission accomplished? Bear in mind that over 600 of the Russell 2000 names are still 20% below their 52-week highs.

New record highs...

 

But a third of the Russell are still down 20% or more...

 

You can't keep a good market down - or a bad one...