Russell 2000 Index Trend - Another Data Point

I found this summary in an email from Seeking Alpha, which I once subscribed to.
(Publicly available) I’m unable to post the entire article, but here is the overview from author Paul Frank, … who provides focused analysis on the iShares Russell 2000 ETF. Article is titled “IWM Small Caps: New 52 Week Low, Everything Is Not Fine”.

IMO, This provides an updated datapoint that we may already be in … or are entering a deep economic recession. Many here have believed this for quite some time now, never having bought into the political hijacking of the traditional definition of what constitutes a Recession, nor the belief that “it’s transitory “

Another indicator to watch carefully during a very volatile time in the markets ….

quote:

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Small-company stock indexes reached for new 52-week lows this week, indicating a bearish market trend.

Rotten breadth participation outside of a handful of Big Tech names this year has historically indicated a topping market and approaching bear.

When we include the inverted Treasury yield curve since late 2022 and now rising crude oil prices into the economic mix, the odds of a recession are nearing 100%.

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