Chart of the Day - Friday, November 1st, 2019

Today’s Chart of the Day was shared on Twitter by David Cox (@DavidCoxWG). It's a daily candlestick chart of the Small-cap Russell 2000. Small-caps have spent the majority of the year underperforming Large-caps. However, David points out that they're beginning to "perk up." The Russell 2000 gained 2% this week and outperformed the rest of the major indices. Last week, we pointed out that Small-caps tend to pick up relative to Large-caps around this time of year. As David notes, Small-cap outperformance would certainly not be bearish for the broader market. It'll be interesting to keep an eye on how Small-caps perform relative to their Large-cap peers going into the end of the year.