I have heard that some of the sell programs have been buying Russell 2000 futures.
Going into January, large-cap stocks had been at a historical high, whereas small and mid-caps were almost at a historical low in valuation,
Small caps as a group are one of the worst performers in the last few months,
The dollar is a mess, interest rates appear to be on the rise, oil prices are going up and some earnings are looking weaker - it all adds up to bad news. I'm taking some profits on certain stocks, but it's not time to go running for the exits just yet.
The chair next to Nana was never empty for long - it was prime real estate.