The biggest problem that the market faces is that good fundamentals and news are not producing positive price action.
Small-cap earnings season begins, but the dog days of summer make for dull trading action.
This is still a tricky trading market with many small-caps languishing due to a lack of interest.
It must be pointed out that earnings have been better than excellent, but calendar year 2022 expectations have been dropping.
The Russell 2000 climbed this week as the big-cap tech names reported and Robinhood's initial public offering disappointed. Now will we see a deeper correction?
There just isn't much downside left in most of the small-caps that have already been hit hard.
Senior indices and many big-caps are technically extended and prone to 'sell the news' reactions.
Let's look at this either/or action, strange sentiment and why it would be big deal if IWM can get over $222.
There are any number of ways the inconsistency in the market action can fix itself.
We have a dysfunctional setup once again.