The small-cap equity market so far in 2018 is enjoying a reprieve from its previous underperformance vs. large caps. The Russell 2000 Index, a widely followed gauge of small companies, closed at a record high yesterday. Large caps (Russell 1000) also edged higher in Wednesday’s trading, although this slice of the stock market remains well below its peak and is trailing the Russell 2000 year to date.
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EU leaders take tougher line on Trump’s US policy for trade and Iran: Bloomberg
Second round of US-China trade negotiations begin in Washington on Thurs: CNBC
US housing starts eased in April as apt construction weakens: Bloomberg
Industrial production jumped 0.7% in April, 3rd straight monthly gain: MW
Business inflation expectations dipped to 2.0% in May: Atlanta Fed
Small-cap Russell 2000 Index closes at record high: Reuters
30-year Treasury yield rises to highest level since 2015: Bloomberg
Revised US GDP nowcast for Q2 ticks up to a strong 4.1% increase: Atlanta Fed