For months, investors’ eyes have been glued to large-cap indexes like the S&P 500 and the Dow Jones industrial average for signs of further life in the current bull market. But as of last week, small caps might be the ones bolstering the bull case.
Two days before Thanksgiving, the Russell 2000 Index (which tracks small caps, or stocks whose companies are valued at roughly $2 billion or under) hit a new 52-week high after nearly 15 months without breaching it, closing up over 2% to its highest level since October 9, 2018.
