With market internals dismally weak and 967 of the Russell 2000 index’s members down over 20% from their highs (a bear market), the question is: how long can they maintain the status quo thanks to a handful of big blue chips as levered longs attempt to stay solvent?
Almost half the small caps are now in bear market territory… with the average member down 24%! (only 10% of the S&P is down over 20% so far but the average member is down 9% from its highs)