IWM Is No Longer A Buy

  • I am downgrading the Russell 2000 ETF to Neutral, as it currently trades at 193.50 amidst market volatility. Small-cap stocks were in a bear market but showed potential for a bounce, with IWM initially projected to rebound to 192.79 or higher. Despite the rally, I am less inclined to be long on small-caps and see significant risks, including a potential recession and massive federal debt.