The market pulled back on lighter volume with both indices closing under their 10 day moving averages. The NADSAQ posted is largest loss (-0.9%) of the year to date.
- Small Caps continue to lag as Russell 2000 Breaks February Lows (StockCharts.com)
- Couple lives in $1.3 Million, 4900 sq ft home for five years without one mortgage payment (ZeroHedge)
MarketMontage, Dan Zanger, and others have been noting the trend of the Russell 2000 lagging in overall performance compared to the NASDAQ and S&P 500. Although this is just one day of somewhat notable losses for the major indices, it will be interesting to see if the market continues to pull back. This in turn would give some weight in the future to monitoring the Russell 2000 for any significant divergence from other major indices.
Stay frosty out there.