Russell 2000 Surges To Record High As US Economic Data Dumps

It's been a roller-coaster week for US Small Caps.

After tumbling off opening highs on Monday they are roaring back to new record highs today...

just as US economic data are the weakest and most disappointing in 7 months...

So what happens next?

 

Comments

nsurf9 Wed, 05/16/2018 - 12:50 Permalink

Yep, looks like the thieves that stole us blind from 2008, have been using their newly purchased (with our money) new and improved thievery tools to steal us more blinder.

Quivering Lip Wed, 05/16/2018 - 12:53 Permalink

No wonder R2K all time high. No need to worry about data, good or bad. 80% of those companies don't make money but rising rates good for small caps.

Bwahahahahaha 

shortonoil Wed, 05/16/2018 - 13:18 Permalink

Same old, same old; just a bunch of companies buying back their own stock. There is no other place to put it that will give a reasonable return, but the economy is booming!

the Dood Wed, 05/16/2018 - 15:03 Permalink

Finally these small business that grow at record pace with little to no debt can have it reflected in their stock prices. I mean Jesus, QE money and bailouts to the biggest companies that use their unfair advantages are FINALLY at a disadvantage. Small caps should be growing the fastest and its not due to gay stock buybacks either. It's CAPEX dummy!

Burticus Wed, 05/16/2018 - 17:09 Permalink

Is that a trick question?  WTF do you think happens next?!  The usual, of course!

Central banker @$$#01e$ conjure more cyber-FeRNs, Yens, Yuans, Pounds, CHFs, etc. and hand them to their cronies who buy the $#!+ out of stock ETFs until the Everything Bubble blows and gold & silver bullion are the only things left standing amidst the twisted smoking financial wreckage.