Dead Unicorns and Small Caps

Keith Schneider | October 6, 2019

U.S. equities closed mostly down for the week after recovering nicely late Thursday and Friday from a 1300-point 3-day swoon in the Dow Industrials. A noteworthy development was that the benchmark small-cap (IWM) index had a death cross and entered a confirmed bear phase from which it was unable to recover. On the lighter side, markets seem to have found support at August lows, and it might have some bounce left in it before it

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