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Small Caps Signaling Caution?

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Courtesy of Doug Short.

Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives.

The top line in the accompanying chart represents the Russell 2000/SPY ratio. A 6-year support broke at (1). Soon after that the S&P 500 broke below a multi-year support line at (2), which was followed by softness.

Now the Russell 2000/SPY ratio is breaking a 13-year support line of late.

Should investors “approach the markets with caution?” Will it be any different this time?

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