Blinken Pressed on Biden's Flow of Aid to Palestinian Terrorists
Argentina's Javier Milei Is Draining the Swamp
Federal Reserve Makes an Announcement About Interest Rates
The Latest Inflation Report Is More Bad News for Bidenomics
The Economist Took a Close Look at the NYT's Bestseller List. Here's What...
Police Department's Message to Beachgoers Concerning Rampant Theft Raises Eyebrows
Here's How AOC and Raskin Plan to Start Holding the Supreme Court 'Accountable'
An Unlikely Leftist Figure Slams the Secret Recordings of SCOTUS Justices
Hamas-Supporting Anti-Semites Are Somehow Getting Even More Brazen and Vile
Another California City Became a 'Sanctuary' for Trans People
Here's What Senate Foreign Relations Committee Ranking Member Risch Is Willing to Do...
The Coast Guard Intercepted Hundreds of Illegal Aliens Bound for the U.S.
What's Going on at 538?
Prior to Arrests, Guess How These ISIS Terror Suspects Entered America?
Can Republican Nominee Sam Brown Emerge Victorious in Key 'Toss-Up' Senate Race?
OPINION

Small Caps To Lead

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
Advertisement
Advertisement
Advertisement

It was a solid session for the market, which needed to come out with gusto after fading into the three-day weekend with its tail between its legs. All the equity indices were higher; however, my focus is on the Russell 2000, which rallied more than 2%, nearing a big test of resistance at the trend line. The big test for the index is to close above 1,170, and then at 1,190.

Advertisement

I like this index in part because of the greater domestic exposure.

This could happen if there’s a positive reaction to the Apple announcement, which experts have already written-off as old or unexciting news. On Tuesday, not only did Apple (AAPL) put in a good session, but also the names in its ecosystem did even better: Skyworks Solution (SWKS), Avago Technologies (AVGO), and NXP Semiconductors N.V. (NXPI) acted as if this was a big deal.

After the closing bell, Dave & Buster’s posted strong earnings results, and then offered upside guidance, sending the shares to a new high. It’s important to note that the restaurant space should be huge beneficiaries of cheap gasoline, and I think this is just the beginning.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos