What a day, even the equity markets seemed confused as the Nasdaq dropped over 1.7% while the Russell2k gained +4.2% in what seems to be a continuation of the swap out of Tech and into small caps in spectacular fashion today, here is the Magnelibra proprietary chart where we plot a 2xR2k vs Nasdaq futures in total contract dollar value:
Futures Settles and Tech Charts
What a day, even the equity markets seemed confused as the Nasdaq dropped over 1.7% while the Russell2k gained +4.2% in what seems to be a continuation of the swap out of Tech and into small caps in spectacular fashion today, here is the Magnelibra proprietary chart where we plot a 2xR2k vs Nasdaq futures in total contract dollar value: