It is an interesting session that began with all sectors in the red, but it is slowly improving. The fact is the action is away from the S&P 500 and blue-chip names and on stocks with large short positions and in niche industries like electric vehicles.
Meanwhile, rebalancing in the Russell is sending quite a few stocks higher. Jeffries released a list of names that should see upside and downside pressure.
Like most major equity indices, the Russell 2000 has been ranged bound, but it acts great today.
