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Small Caps Erase Gains for Year as America First Trade Sours: RUT 2000

FYI: The so-called America First trade has unwound, with small-cap stocks erasing gains for the year after entering a correction.

Long considered the primary beneficiaries of President Donald Trump’s pledge to favor U.S. businesses, small caps have fallen hardest since summer. The Russell 2000 has dropped more than 13 percent from its peak in late August -- beyond the 10 percent threshold that defines a correction -- erasing all its gains for the year.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-23/small-caps-enter-correction-as-russell-2000-erases-gain-for-year?srnd=premium
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