The Big Cap Names are STILL the Key

Despite the new high in the Russell 2000, the big cap tech names need to advance if the year-end rally is going to continue going forward.

• The Russell 2000 small-cap stock Index made a new all-time high yesterday.  That’s quite bullish.  However, the big cap names…especially the big cap tech names…are still going to have to advance if the year-end rally is going to continue.

• Bitcoin is finally seeing a pullback.  This is normal and healthy.  In fact, the decline could be a material one…and still leave the asset class within it strong upward trend.