January 23, 2024

Hey, it’s Ross Givens here with the Chart of the Day. Diving into historical data, I’ve uncovered a fascinating trend. When the S&P 500 reached record highs while the Russell 2000 was in a significant drawdown, it paved the way for substantial gains. Examining key instances like April 7, 1999, and February 13, 1991, reveals that after such scenarios, the S&P 500 surged, accompanied by even more impressive rallies in the Russell 2000. While these are historical snapshots, the pattern suggests that the current market dynamics might be setting the stage for significant gains. Explore the potential implications in today’s Insight of the Day.