The Divergence Between Equity Markets in the US

The Russell 2000 is the largest, sort of cross-section of the market. It's loaded into gills with those type of potential companies and risks. Right now, I would say, if you're going to be constructive or bullish on stocks, you need to be selective. In fact, even if you look at the leading NASDAQ in terms of the participation below the surface, only 40% of the stocks are in long-term uptrends.