Small Caps Continue to Lag

About an hour into the U.S. cash session, Small Caps via RUT continue a multi session drag.

One of the most interesting charts is the U.S. Dollar verse Small Caps Index RUT. Notice the narrative for small caps back in 4Q16 was strong dollar and rebuild America. Well, that narrative was broke off starting in the 2Q17, where the dollar has collapsed from 103-92 handle. It’s harder and harder for small caps to reach new highs as the dollar implodes…