The Reversal Arrives: Record Russell Calls Bought As Small Cap Frenzy Begins

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by Tyler Durden
Wednesday, Jun 07, 2023 - 03:45 AM

On Friday, following the blowout jobs report, we observed a remarkable reversal in the surging - until now - tech/small caps ratio (represented in this case by QQQ/RTY), and asked if the blowout in tech names (at the expense of small cap) was finally over, and if it was small caps' turn to shine.

The answer, just two days later: a resounding yes.