Loss-Making Russell 2000 Stocks Drive Surprise Rally, Says Liz Ann Sonders
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Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, noted that unprofitable stocks in the Russell 2000 index have led a recent rally, with loss-making stocks up 53% since April 8, compared to 22% for profitable ones. The Russell 2000 has risen 40.2% since its 52-week low, outperforming the S&P 500's 39.2% increase. The rally followed a Federal Reserve interest rate cut, which eased borrowing costs for small companies. As of Thursday, the Russell 2000 ETF was down 0.64%, while the S&P 500 was down 0.29%.
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