Small Caps are not Overbought

While small caps have been one of the best performers lately, they are still far from being overstretched on a relative performance basis. Reopening of the economy in the 1H of 2020 can reaccelerate the outperformance of the cyclical components while stocks that have been leading during coronavirus will lag behind.
RUSSELL 2000SPX (S&P 500 Index)Trend Analysis

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