Russell 2000 Index(RUT) is down again today and will soon be at a new 3-month low. At the same time the Dow Jones (DIA) is setting a new all-time high and is up strongly today.
Meanwhile, the VIX is trading down toward the lower end of it’s recent range at 11.61.
Something is not right here.
edit: Someone at ZeroHedge noticed this finally. “Notably Russell is dominated by financials and they have massively underperformed…”