Russell 2000 Futures Headed Higher, Macro Risk's Kolovos Says

The video discusses the current state and potential of small caps in the market, comparing their performance with the S&P 500. John Clovis from Macro Risk Advisors provides insights into the recent breakout of the Russell 2000, suggesting a possible catch-up with the S&P 500. The discussion includes market internals, sentiment, and potential risks, highlighting the importance of understanding underlying trends and the possibility of a bull trap.

What are the potential implications of small caps outperforming the S&P 500?

What factors contribute to the sentiment around small caps currently?

How does the performance of small caps compare to that of the S&P 500 based on the text?

What are the potential risks associated with investing in small caps as mentioned in the text?

Discuss the significance of the Russell 2000 breaking above the 1600 level.