Excerpt from CNN Business quoting DataTrek’s Nick Colas:
…. “The Russell 2000’s downfall is significant because the index is viewed as a barometer for confidence in American growth. The index contains 2,000 smaller companies that do little business overseas, making them highly exposed to swings in the domestic economy.
“Investors are showing real caution about the pace of economic growth for the US next year,” said Nicholas Colas, co-founder of DataTrek Research. “Confidence is falling”….
Read the full article here!