Is the Continued Underperformance of the Russell 2000 Small-cap Index an Omen for the Rest of the Stock Market?

What is taking place today is very similar to pre-bear market activity in the past

In this morning’s piece, we discuss why the weakness in the small-cap Russell 2000 index…if it reasserts itself any time soon…is likely to signal some meaningful further weakness in the rest of the stock market.